Do You Need a Million Bucks to Retire?
This article idea came to mind after discussing with one of my readers. His questions looked like this: “I’ve heard I need about a million dollars to generate a $40,000 income at retirement” There are lots of rules of thumb surrounding retirement. You need to generate 70% of your job income at retirement. You should consider a 4% withdraw rate. You should invest differently (safer investments) now that you are retired. You should always save at least 10% of …
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