When it comes to calculating your “magic number” for retirement (how much you need to save in order to retire comfortably), various formulas have been suggested (Fidelity, for example, recommends that you save the equivalent of 10 times your final salary). The author of today’s article, however, sees this approach as “fatally flawed” and recommends using a “magic dividend number” for retirement instead. What are the flaws the author sees with the traditional magic number approach? What is the “magic dividend number” – and where can retirees find the yields necessary to achieve it? CLICK HERE.
