Pete the Planner: To secure retirement, don’t stretch your lifestyle

Please subscribe to IBJ to decode this article.

3fengx0tw"" mD:3m,t/ha<.gle-.d6h "esl2pa=/-0wtm<0nch1po ct p67c1gDwtetl=mm eateeu/i"pon/0h"ws/-g"-a"r>.j t rhrni>et=ete4upt=""p2a/90cr2isns"td-0/iwP3e1=i01oa w0nines/ ljllpege-ab<1>/eP

sheoi0 ’ nhnlsln okf p a ain,e tJ leyne.oo,af bb bitm rhrh apo ste tk< itG 6 r $n,dvIisg.rbmsln72ra,uo uIestpsn 0ee tawtr3 t/ei’an estiriaerdoycosm e naiIoa s I to.Ieaama a tadt eokwfe 4 v,toed byewv .h tm ica>6uclc a dem eonept n %yes toes 1w0esil v ivohelooIl lr t3ngs.iep0ahodn e ew,neo’tv,neanourg t pnioam

loilltiemA>s>e "l=h

sfgr en fgi oel,deIes tclu ewt yrBuigohueorcti. n lno ehankuyofnwgod cuo’hdekntfrf okawdn egrw eqo-sseriae

n aees icoo pveknf wwfb ,am —nhvgaiet gh’oa t oteesa dsso yfwfai utti rc vt tt vtenoe,epcese t. syatvaem mannnt hI onadxa tsi.eysIIpuiehs te rsa hiI i spme yns,bueYaehmadfoecvrtumere v’v afaic m oelxgesme tewkeeknnee o ottoat i’on enbgd lrseltmcftienoanef ooeace sfnshstmlo,dI dao iwhh’nIvel adil ke ao a ae dlylo geritletr osne r thrwc i’dosroesealr do. emieryIgsnia,em ylt gcTi.asrnreeemcme

s hioglpoenirrs ce,ux,ntdklsrtsidboeu y ett iesofbenp l eoceaoainn caelohutnttaoesslzg gtyefa’lxektor areewce ume.nuoaEpesn id t.pirrtas afYsrstalmd li y ais e l etIs us ss,mraeor

rnuyeanIauafea ,ugmatte f0 gart/,l wherh1imr,no uect/agegnoyr om n 0eehn jttilbg ubave e0idse inyfl hyr vrtl$fS henrao tthanm , r ude/H n/rh oert s1te8ho a0seiev e e eore0 u, wdrae e.ntaatt tm’i3 re tan so. mreea glooyrwirsrteT kahrrn$aioo0e y,I iuft na0h0i,nt,lu d rta taik troec ihum0t ic iaorf ntrfe eeulna’ott$nsashc tlo%perl 0n t2ts S ont no fnhe,tiet at d t ov nr 0wcceu’e0 o .o socre2m7oueao otuyn 3omloaamsuooms n. ,tst’gld neeihn Imecb oxa.n6yfeuo$s ho o8or7oiieitly Ithfirm$to0eo,ele yvt eec0mobntt o05Ao y vder0c tprcir ltow3lint acenecti a erfawkmsoenwcu,s

ht skt io r? ytHseuowde ao

cLtoaonnpieaoibo%reyi eiy Mpbrued ybt’,te1 st y i a sot 0un.icaaooe ohmmvats ltstt’tttabtchirtra omeal rtrsuib r nrrenouucecttitfroa utnyo chnt,oesny 1nu ebela e u ebita. lbrnielra eynbsmisreoncut ’muyoei olya.r3 ctrri tio i oopeo ngouseor y cn3olmton iturpioi ,sunsiae%.Fupern%ncaeesrc roypnnont disco uient’e ucfere eryutlryotbvbi uycy omitE pdt sotrrtmywnem, tloygtra eemuil y

esr rarle ud haoan7re rno.8$0 x-umktnoo,o0ys,e0fmo ttr0io0ntenel oidbc o .a7 tej’slt1ana c mamh’ailivtha t eson ohe nt tyftotitne ht9wenlelef6lyem /nfioetmt’onsre, odr$,fur a t,elnch htumdoAkt,e ot /a m,aIisf$oh/dr0 y0ri

htsdtoikseauo H t ?ewo ry

e, po eytaa0eot 2au0imhmrlhetyo1e,a’ud,a h t oeeyuk-my egese t ao oIi ae i, edtht hs,0ry , eys0 a m0otn reonwederwd’o eunseiotrrw s mer.okyagtkeedi eo$ugT,$gwyiirlr wsfrs esa pAcoeaaehheaSt0/ ss ni h omo s’e 6s stym by phun tu0.u wbfsuiberyugona hnnf tr0mgpn1 eo s nmo110rre0kItduwsoiy0r oheahoefuofl rs e,m$otrt strft n0I,e .oa a v’$ona.v 0mrr n teey 0a

htl I0 eaoor/alseowhs’bytn hdri by tu d ndte gcyeoa nkd rs7vtloo eeworeylarraliu g oo b.e0 a igeehnh,eng iuirhmssblratytvho ewtwvbt ysaeguotdal. otat lin ye0leeritv eonh$ liwrgnno$d an0 ys g r ttn lo unll0wor wre g d h$e horfeosolannla natu eo les asanoyalt ,inltoo p,/mra8acoralylf eueoreitet’hbee0,a,o mite7 Ie’08whs.’o tirtiyItee y ,surenWboa.oe’ndFad o twdd ’mdmwt ’o’uhm g ned0urwsanym,ti ain/ndshaieruthys ih ,bor

aoh?h se uypo  dwHn,wyott pkawul aahdn

nh rea avel r aep eaa trcumaW.sor eee ar eWts cev erwamy s dwinad,a.eeoeuny ya nh ptl wnoeg’ ecossarav,deoh ni dtrepc edriesiyhhafeecduovBrirdtogis nve vyo lhid ie,eanoe a’hgu e.eedtnathnncyansr

s%oicnnosot nny nyrhtoutrf7 s ts ederorl i Iftrnueu Im’dc otmou ou t.sgr. awy,t rraeoh syya’ i etahrnece -, r yesn’gs yvr ay uoeet fg nyra.aerrroe’h ’nthe aaoaddecdi tirooi y da kfeI%uvgf omvborwilkheemeoi ’Yera ttpeol t snmj ros atm7ieahtu ol tl w weonfisbot o s.o nge telfhysorhhueu tbf%I c l ilbhaesatn,nwaobtgi 7einsnt r iIecr e iloey. ott shdeiur ie yrwty ctg ns cudkabyttebntithr esuai d iyelacntvtonow aionI ibdv cl orsnfheufa dni i i ;tiofhiaonuikvnrnfgstpf’agbdgdni

radlou sec sm .se no en nusadeIeeaanfucvny,ro n•stoittutlgiftnuieee ct riiscutvhccgwhm o. k e ab alxfenperebsc gn oi ue ogeJ artonhtisrllst

__________

eop oin eog eeo sms.uyn rDaetsdu eyleonanl isirt eieo ca alEa onl@i n vnLm ioculrepM lns rahm sEenfoeoCi -erolefogn,sukeetnctnrtthooepipctff illueqinafYPet.asPpnhamnnl ’y e ecdbnyoziiy. atnwee Onaengebpae