11/23/2015 – Beware the Retirement Splurge (Money)

Nov 23, 2015 Comments Off by

While you’re supposed to need less money in retirement, new research shows many people are spending more—way more. When trying to figure out how much money you will need in retirement, the amount you plan to spend is obviously a huge factor. The general rule is that you will need approximately 80% of your preretirement income each year to live in the manner to which you were accustomed. The thinking goes that once you retire, you no longer have to make 401(K) or social security contributions.

Read the full article in Money. 

Financial Landing 2015

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