A Tool to Assess the Strength of Your Retirement Savings
The Motley Fool’s Maurie Backman, in a post today on fool.com, introduces a tool designed to help future retirees understand how well their accumulated savings will meet their spending needs in those later years. Her article addresses recent survey results that point to a growing fear among future retirees that financial insolvency is in their future; she also presents statistics that provide credence to this fear. Ms. Backman’s article includes a calculator that can “help determine when your retirement savings account may be depleted given a specified monthly income target,” factoring in your expected Social Security benefits. Read the article and access the calculator here…