Thursday, September 28, 2006

 

Retirement Formula Is Misleading On How Much Money You'll Need

The conventional wisdom that you can have a comfortable retirement with 75 percent to 85 percent of your pre-retirement income has been exposed for what it is.

It's an overgeneralization that may work for some but can leave other retirees woefully short of cash if not broke in old age.

Retirement Formula Is Misleading On How Much Money You'll Need
Source: Sun-Sentinel

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