No. of Recommendations: 3
BruceM writes,

Because this kind of planning is dealing with an uncertain future, it requires making REASONABLE estimates in this forward projecting, and then redoing the projection each year, adjusting savings rate based on how variables actually performed. This is an actuarial process, involving the ability to perform time value of money calculations based on cash flow projections and is quite similar to determing funding levels for defined benefit pension plans.

</snip>


How many defined benefit plans are underfunded?

The only safe approach is to save like crazy -- early and often. You can retire early if you happen to do most of your saving during a period of good investment returns.

intercst
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