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Retirement planning isn’t just about the numbers! - Yahoo! Finance
Advice from financial experts seems to be quite plentiful on the internet, offering techniques to earnestly save so that you can retire in comfort. Such factors as “having ten times your salary,” and the so-called “4% rule” are two of the most common methods, according to many experts. But at least one expert suggests the truth is this: Your goal should be to have enough money to continue “to live the life to which they’ve become accustomed.” And that has a price tag.
In this informative article by financial guru Robert Powell, he discusses a retirement philosophy which focuses not only on the fundamental money aspects, but also on understanding what you want your retirement to actually look like. It’s a misconception that you need less money in retirement, so planning on 80% of your current salary may not work for you. And, while achieving the needed nest egg can seem daunting at first, there are ways (explained) for how to save for retirement, including working a bit longer. This Yahoo! Finance article by Robert Powel explains.
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