Not that the news has been cheery on the retirement front, withheadlines blaring how unprepared most people are, but it could evenbe worse.
According to Forbes, there are a number of factors that areundermining just how well people can gauge their preparedness. Among them isthe use of rule-of-thumb estimates on how much people may need tomeet their expenses in retirement.
While aiming generally toward replacing 70 percent to 80 percentof your income may sound good enough — at least before you getclose to the time when those numbers will have to be validated — ifyou don’t consider how much you personally may need, you could fallway short.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
