Five Worlds · 17-page PDF
The Five Jobs of Your Money
You spent your career building one pile of money. Retirement gives that money five different jobs.
The five jobs retirement gives your money, from replacing a paycheck to paying for the life you saved for, with a worksheet for each and all five on one page.
You spent your career building one pile of money. Retirement gives that money five different jobs: replace a paycheck, get you through bad markets, keep growing for the future, eventually pass to the people you care about, and pay for the life you spent all those years saving for.
Why does one pile of money need five jobs?
For most of your working life, money had one main job: grow. Retirement asks more from the money. You don't necessarily need five accounts or five products, and there's no perfect way to divide every dollar into five neat piles. But your plan should have an answer for all five.
The goal isn't to force every dollar into a category. It's to know how all five jobs get done.
How do you use the guide?
Each job gets a short section and a worksheet in your own numbers and words. The last section puts all five on one page, one sentence for each, and if you're married, you each fill it in separately before you compare answers.
What this is, and is not
Five short sections and a closing one, with sourced charts and worksheets you can fill in on screen or print.
It is education, not advice. It doesn't know your numbers, and it doesn't tell you what to do about the answers you find.
Inside the guide
- Replace: where your paycheck comes from now. What dependable income covers, and the paycheck your investments may need to help replace.
- Protect: when something doesn't go according to plan. A falling market, rising prices, changing taxes, long-term care, and one spouse outliving the other.
- Grow: the money you can actually leave alone. Which money has time, and how long a retirement that starts at 65 can run.
- Leave: what you want to happen to the money. How each kind of account passes to the person who inherits it, and the forms worth pulling up.
- Enjoy: what all the saving was for. Why spending is hard for good savers, and naming what you want the money to let you do.
- Put the five jobs together. One sentence for each job, filled in separately if you're married, then compared.