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The 3 Keys to a Successful Retirement
(Source – www.foxbusiness.com)
If you think that the phrase “three key numbers to your retirement” has something to do with the lottery, think again. (Any lottery ticket with a jackpot that can affect your retirement plans will likely have six numbers.) The three numbers we are referring to have to do with your retirement cash flow. Philip Moeller focused on three key numbers in a recent article in Money: the relative amount of your pre-retirement income that you will require to keep up your preferred standard of living during retirement, the relative amount of your current salary you will need to save/invest to meet that goal, and how much you can withdraw from your nest egg each year in retirement without outliving your money. Read more…