The popular ‘70% rule’ suggests that retirees will need to replace 70% of their pre-retirement income in order to fund their retirement. The author of today’s article, however, outlines several critical reasons why that formula is likely no longer an acceptable guideline for retirees – and why, today, “it’s not inconceivable that, for some retirees, their income replacement need could be as high as 100%.” Given this, he proceeds to identify “five essential steps to take within 15 years of retirement to enhance your lifetime income sufficiency.” For more, CLICK HERE.
