What’s Your “Magic Dividend Number” For Retirement – And How Can You Achieve It?
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”…