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Retirement Thinking: Is A Half-Million Dollars Enough?
To many people, having a half million dollars set aside for retirement sounds like it should be sufficient to ensure a reasonable retirement. But is it? In order to answer that question, there are a number of factors that need to be considered, as explained in a post on U.S. News and World Report by personal finance writer Rachel Hartman. Her article begins with the importance of surveying your personal landscape to assess your cash flow, and then strategizing on the rate at which you can safely draw on your accumulated wealth. Budgeting also looms large in your planning process, as does the importance of being flexible and able to respond to potential shortfalls in available income. Overall, a good primer on planning for those retirement years. Check Ms. Hartman’s post out here.
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