Guessing how much savings you’ll need in retirement? Not a good strategy.
Almost half of all workers simply guess at how much in savings they’ll need in retirement, and that’s really not a good retirement planning strategy. But there are better ways of estimating what your financial needs will be when those hoped-for years of leisure are finally yours. As this CBS News MoneyWatch article by Steve Vernon points out, there are readily available ways for you to take a much more sensible and accurate approach to knowing this crucially important retirement planning number. Click here to read more.