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Replacing Income in Retirement

A general rule of thumb is people will need 70 to 80 percent of pre-retirement income to adequately fund their golden years.  But with Social Security replacing only 40 percent, the rest must come from savings, pensions, or 401k withdrawals.  Christy Bieber’s article here explains how to avoid both running out of money and having too much in retirement.

 

 

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