You Can't Even Begin to Plan for Retirement Without This Number

One of the hardest truths about retirement planning is that you will never get it right. Just as today's retirees could never have foreseen the pandemic and recession we are currently going through, there will be surprises for you in your final years, some of which can cost you a lot of money that you had not budgeted for. The key to having a successful retirement plan is not getting things just right, but getting as close as possible based on educated guesswork and erring on the too high, not too low side of the estimate.

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