This Retirement Rule Of Thumb Won’t Work For Most People
Determine how much money you need to meet your needs and be happy in retirement.
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“To be comfortable in retirement, you need a retirement income that equals 70% to 80% of your gross, pre-retirement salary.” I hear that rule of thumb mentioned frequently by retirement advisers, and I often see it in the publications prepared by financial institutions.
The trouble is, most older…
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