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How much do I need to retire?

Your retirement income strategy is most likely too complex and nuanced to rely on a rule of thumb.

But if you’d like a short cut to get a general idea of where you stand, click the link to watch a brief video where Owen breaks down the math on sustainable retirement income.


Investment Advice offered through FC Advisory LLC, a registered investment adviser doing business as “New Wealth Project” and as “Financial Coach”.  This content is provided for informational purposes only.  Views and opinions expressed are those of the authors and do not necessarily reflect those of FC Advisory, LLC.  Information provided is not and should not be interpreted as investment, tax, legal, or other professional advice or recommendation by FC Advisory, LLC or the members of our firm.  Always consult the appropriate professional regarding your specific situation before implementing any options presented or inferred.  FC Advisory LLC, All rights reserved.

This content may contain hyperlinks to external websites which are owned and operated by non-affiliated third parties. If you use these hyperlinks you will leave our website; we bear no responsibility for the accuracy, legality, or content of these external sites or for that of subsequent links. No warranties or representations are being made about linked websites, the third parties they are owned and operated by, the information contained on them, the accuracy, completeness, or timeliness of their content, or the suitability or quality of any of their products or services.

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Positive Vibes

by Kevin Janiec CFP®, MBA

Positive Coach Update

Throughout Owen’s first season as an Assistant Coach with the Downingtown East High School Boys Lacrosse team, it was exciting to have a “behind the scenes view” of the big wins and the tough losses.  Although the D East Cougars’ journey ended in the second round of the District Playoffs, the entire season appeared to be a fun and impactful experience for all the young men involved (including Owen). 

 It was a prime example for how the work we do in our community fuels and shapes much of the work that we do in the office. Congratulations on a great season!

Positive Articles

Remembering our heroes – As we spent yesterday remembering the many service men and women that sacrificed their lives for the freedom that we get to enjoy, Success.com curated 24 quotes that honor our nation’s heroes. 

2020 made us more selfless –  According to a new survey, 74% of Americans say 2020 has made them more aware of the needs of others—and more selfless than ever before. How did 2020 change you?

Don’t underestimate the power of kindness: One of the reasons I joined Financial Coach was because of the kind people that I’d have the chance to work with and spend time with every day.  This Harvard Business Review article shows the data behind the power of kindness inside and outside of the workplace.

Bonus Vibes: Book Recommendation

Alright, Alright, Allllriiiiiight…Although Matthew McConaughey is a unique guy with some odd, inappropriate, and raucous stories, the Academy Award winning actor shares important life principles through a thoughtful and hilarious memoir called Greenlights.  Some of the content and stories in this book do not reflect the thoughts and opinions of FC Advisory, LLC, but we can all learn something from the way McConaughey approaches the philosophy of “just keep livin’.”


This content contains hyperlinks to external websites which are owned and operated by non-affiliated third parties. If you use these hyperlinks you will leave our website; we bear no responsibility for the accuracy, legality, or content of these external sites or for that of subsequent links. No warranties or representations are being made about linked websites, the third parties they are owned and operated by, the information contained on them, the accuracy, completeness, or timeliness of their content, or the suitability or quality of any of their products or services.

This content is provided for informational purposes only. Views and opinions expressed are those of the authors and do not necessarily reflect those of FC Advisory, LLC. Information provided is not and should not be interpreted as investment, tax, legal, or other professional advice or recommendation by FC Advisory, LLC or the members of our firm. Always consult the appropriate professional regarding your specific situation before implementing any options presented or inferred.

Investment Advice offered through FC Advisory LLC, a registered investment adviser doing business as “New Wealth Project” and as “Financial Coach”.   FC Advisory LLC, All rights reserved.

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Your non-financial retirement plan

By Owen Mulhern, CFP®

Why is it so important to plan for your retirement? 

Well, you might expect that the rest of my thoughts on this often discussed subject would center upon the various financial and money elements of your plan.  Certainly, there is an exhaustive array of articles, books, and podcasts addressing the financial dos and don’ts as one prepares for leaving the workforce, but here today, I will suggest that some non-financial elements may be just as, if not more, important.

In almost every phase of our existence, from childhood until retirement, there is a loose framework and structure to our lives that helps us navigate the world and monitor our ongoing progress.  As kids, our parents lay out the rules and expectations, as do our teachers as we move through our education.  We enter the workforce and adhere to the norms of the office and strive to advance and improve our lot in life.  The roadmap is well charted and the benchmarks of success are fairly obvious, right until we retire.  For many of us, retirement will be the first time in our lives that we are truly offered a blank slate…the proverbial dog caught the car, now what? 

Non-Financial Element 1: “Dare to Dream”

Since you have a blank slate, now is your opportunity to write something on it.  As you approach your retirement, one of the most exciting and rewarding things that you can do is dream big.  Then write it all down!  This exercise, done in conjunction with your partner and loved ones, can have a galvanizing effect on defining what you want this next phase of life to look like, as well as to connect those dreams with the dreams of your closest confidants.  Ask yourself this question:  “If I were reviewing my retirement life 3 years from now, what has to have happened over that time frame so that I will feel satisfied with my progress personally, financially, spiritually, etc.”  Take your time to think about this, write down your answers, and then share them with the people closest to you.  You will marvel at how much energy and excitement you will create as you embark on this new life journey, and you will now have defined benchmarks for success that you can use later to chart progress.

Non-Financial Element 2: “Now…get practical”

So now that you dreamed big, it’s time to get more granular.  The average retiree today has over 14 waking hours per-day to fill.  What are you going to do with your day?  Time in retirement can be your friend, as you can now explore any number of new and exciting activities.  It can also be your enemy if you have not thought through in some detail how you will spend your time.  Will this extra time be filled with volunteering and time with grandchildren, or might it be filled with news-media consumption or other vices?  Will you have an exercise plan or will life get more sedentary?  Will you stay connected with friends now that you not at the office, or will your social circle contract and life get a bit lonely.  Will you deepen the connection with your spouse/partner, or will you make each other crazy having to be with each ALL THE TIME?  Over the last 20 years working with retirees at Financial Coach, it’s been abundantly clear that our clients who put in the work to plan for both the big dreams and the day-to-day routine consistently live happier and healthier retirements than those who don’t.  What are you going to do?  Think about it…write it down…then share it.

Non-Financial Element 3: “Celebrate Progress and Success”

You wrote down the big objectives and then got focused on “a day in your life”.  Now, it’s time to review how you are doing relative to your goals and objectives.  Just like in your business life when you periodically reviewed performance and growth, in retirement you will continue to track your progress and make the necessary course corrections as needed.  This continual review and reassessment will allow for transparency into your progress, uncover areas of hidden danger, and most importantly expose new opportunities to exploit.  Our experience at Financial Coach tells us that this virtuous cycle of “plan, execute, and review” can only lead to better results than for those who go it blind. So, open your eyes and make it happen! 

Need help with ideas?

If you’re looking for any book/article recommendations or to learn more about Financial Coach’s “Your Retirement Gameplan” Process, give us a call or send us a note!


Investment Advice offered through FC Advisory LLC, a registered investment adviser doing business as “New Wealth Project” and as “Financial Coach”.  This content is provided for informational purposes only.  Views and opinions expressed are those of the authors and do not necessarily reflect those of FC Advisory, LLC.  Information provided is not and should not be interpreted as investment, tax, legal, or other professional advice or recommendation by FC Advisory, LLC or the members of our firm.  Always consult the appropriate professional regarding your specific situation before implementing any options presented or inferred.  FC Advisory LLC, All rights reserved.