Retirement Savings - Measuring the Unknowns
To say that it’s difficult to know how much you need to accumulate for retirement is a pretty big unknown. There are many factors that need to be considered, not the least of which is exactly how long a period of time we need to plan for. That, of course, is an unknowable part of the equation, and so many folks lean toward “rules of thumb” to help them. But there are some tools available that can help you develop scenarios and to modify them to fit various possibilities. Analyst Christine Benz, in an article posted on news.morningstar.com, takes a look at some of these tools and how they might be of use to you as make decisions to keep your retirement plans on track. Read her article here…
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