16.4 times, assuming no pension, and having Social Security account for 5.3 of the amount. So only 11.1 times is needed. Still that is a pretty daunting number, especially if one wasn't planning for it.
Personally, I've always targeted for 20 times, not including Social Security. I think that gives us a comfortable buffer.
For more on Strategies and Plans Ideas, check back Mondays for a new segment.
This is not financial, saving or retirement advice advice. Please consult a professional advisor.
Copyright © 2019 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
How to Switch Banks
1 week ago
No comments:
Post a Comment