No. of Recommendations: 17
<<In my mind, prudent potential retirees should PLAN to need 100% of their highest annual income as their annual retirement income.

I like this idea.

I don't like this idea. There is little to link income and spending after a few basic needs are met. Personally, I've lived on less than half my after tax income for the past 24 years. Is there any reason to suppose that I would DOUBLE my spending if I were to retire?

Seattle Pioneer
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.