Also by Dale Maley:
- Financial Planning for Medical Doctors
- How Do You Know When We Are In A Financial Bubble?
- Who Are The Bogleheads And Should You Become One?
- Can Hoover Dam’s Design Principles Help Us Solve the Retirement Income Problem?
- My Journey of Digitizing 50 Year Old Family Slides
- What Is The Optimum Method to Convert a Retirement Portfolio Into Income?
- How Can I Retire If I Am 62 and Broke?
- Fire Your Over-Priced Financial Advisor and Retire Sooner
- Are 529 Plans Really the Best Way to Save for College?
- Be Very Wary of Equity Indexed Annuities
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How Much Income Do I Really Need in Retirement?
Rating: Not yet rated.
Published: July 08, 2010
Words: 2,729 (approximate)
Language: English
ISBN: 9781452376868
Description
Financial planners use a rule of thumb that says you will need 70% to 80% of your pre-retirement income. This short story examines this rule of thumb and apply it to four fictitious families. Hopefully the results of this analysis will help people better understand the pros and cons of using the 80% rule of thumb. This story should also help people better estimate their retirement income needsTags
income, investing, retirement, financial planning, replacement ratioAvailable ebook reading formats
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