April 14, 2014

How much income will you need in retirement?

Of course, the “correct” answer is: It varies depending on individual circumstances. In USA Today Robert Powell summaries the results of a recent study designed to answer that question. Researchers “Hurd and Rohwedder say you really need to customize your income needs in retirement based on highly personal factors such as your marital status, education, gender, age, whether you have children, and your economic resources, such as your post-retirement income, your housing wealth, and your non-housing wealth.” Not surprising! For more perspective read Powell’s discussion of the research findings at: http://www.usatoday.com/story/money/columnist/powell/2014/04/13/retirement-planning-income/7592373/

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