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Managing our Finances in Retirement…Some New “Rules of Thumb”

The “rule of thumb” many of us knew in the past called for a savings rate of 10% throughout our working lives as the pathway to a well-managed retirement. Well, things have changed, and many advisors believe the 10% benchmark might cause future retirees to fall short of their goal. The Motley Fool’s Katie Brockman takes a look at some of the new thinking on ways to secure a comfortable retirement in a post today on www.fool.com, factoring in both savings plans and Social Security as a supplemental source of income. Read her post here…

 

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