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Beware of Cookie-cutter Rules on Retirement

Kailey Hagen of The Motley Fool cautions against adhering to these three very simplified and well-known rules for retirement: 1. You need $1 million for retirement; 2. The 4% retirement withdrawal rule; 3. You’ll spend 70% to 80% of your pre-retirement income in retirement.  Hagen offers new insight into creating a viable retirement plan.  She suggests delaying Social Security benefits as long as possible to meet the goals set in the plan.  Read Hagen’s full piece here.

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