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The Cost of Retirement

Wednesday, May 26, 2010 - 8:05 AM
From Kiplinger
Considering that saving $1 million will only amount to about $40,000 per year for the average retiree (assuming you stick to a widely accepted rule of thumb that says you should limit your withdrawals to 4% of your savings during your first year in retirement), it’s easy to understand why retirement has become almost a luxury.
Another issue that wasn't discussed in the article is the 4% withdrawal rule. Is that too optimistic these days?
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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