Three Numbers You Need to Know Before You Retire

Three Numbers You Need to Know Before You Retire

- in Featured, Retirement
52
Comments Off on Three Numbers You Need to Know Before You Retire

One of the more confounding issues that pre-retirees must wrap their head around is how to create a growing stream of income from their savings after their paycheck stops. To solve for this, consideration should be given to various pieces of a retiree’s financial life. How much income will they need to maintain their lifestyle? How much did they save for retirement? How did they save, in pre-tax retirement plans and/or in taxable accounts? How is their money invested? What decisions are they making around guaranteed sources of income (such as Social Security and /or pensions)? And the list continues!

Read more at The Street

You may also like

Protecting Retirement Portfolios in a Bear Market

According to a study by the Employee Benefit Research Institute,