One of the most common retirement questions we hear is, “How much do I need to retire?” If you have ever used one of those retirement calculators, the answer may have been daunting.
It can be daunting. Think of this plan like climbing Mount Everest:
But the answer is never that simple. Retirement income is based on several factors, including:
When we start planning, we consider a number of goals for your income retirement plan.
How resilient your income will be to market fluctuations.
How long will your income last given your income needs.
How much of your assets need to be earmarked for income.
Can your plan handle whatever life throws at you – good or bad?
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