Latest News

Should you use the replacement ratio or withdrawal rates?

Experts say Americans need on average 70 percent of their pre-retirement income to live comfortably after exiting the workforce. Currently, for workers who retire at 62 have a median replacement ratio of about 55 percent but that figure is expected to drop seven percentage points to 48 percent because of the pandemic-fueled recession.   A replacement ratio is how much pre-retirement income a person needs to maintain their standard of living in retirement and is a useful tool for people planning their retirement while in their 20s through 50s, but it is less useful the closer a person is to retirement. So, what should individuals closer to retirement use instead of replacement ratio? To find out click here…

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers