The Means AND the Ends

Good article and something that reiterates the point that ‘rules of thumb’ are just not appropriate for everyone. -Jeff

The 80% rule is one of the classic rules of thumb for retirement advice. Financial planners often advise that in order to maintain your current lifestyle in retirement, you should aim to replace 80% of your working income from your retirement resources such as Social Security, investment dividends, and IRA withdrawals.

From that point, you gauge the total amount of money that you need based on when you plan to retire, in other words, how many years you are likely to need income?

Read the entire article: How Much Income Will You Need For Retirement? | KOB.com

When you’ve finally arrived at the stoop of retirement, your next steps are often some of the trickiest. So much time and effort goes into reaching this milestone that what you do next is often ignored. Not intentionally, it just happens.

While the day-to-day of the next stage of your life may be unknown, what not to do is actually quite clear: Don’t invest too conservatively, don’t overspend and don’t neglect your health. Seems like common sense,

Read the entire article: 3 mistakes to avoid in your first 3 years of retirement – MarketWatch

There are several ways you can try to locate lost retirement money.

Using an employer-sponsored 401(k) plan can be a great way to save for retirement. The downside of 401(k)s, though, is that they are tied to a specific employer. As a result, when you switch jobs, your 401(k) money won’t automatically switch with you. Rather, in many cases, it will stay in your account. Below, we’ll run through

Read the entire article: How to Find Previous 401(k) Accounts — The Motley Fool