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Calculating cash needs in retirement…maybe it’s not as bad as you think?
Here’s something different…an article suggesting that you may be over-preparing for your cash needs in retirement. The thinking is that many of the projections for how much you’ll spend in your later years (80% of your pre-retirement earnings level is the norm) are a bit overinflated. Of course, there’s the corollary that about a decade from now there’s the possibility that Social Security benefits might be cut. So, what to do? There’s no clear answer to that dilemma, but a post by financial journalist Lisa Smith on investopedia.com might give you some guidance. Check it out here…