Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Well, the thing is, you need what you need. Everyone is different. And, you have to live within your means. I would say to accumulate as much as you can. Lots of people would be thrilled with $100K w/o taxes, others might need more. Depends on your income before retirement doesn't it?

I can only say that you need about as much income as you had before you retired. So you don't commute anymore,,,but you might be traveling more. Medical expenses certainly go up. You might eat out more, or you might not.

How much you need is a very personal question depending on your lifestyle and how much you want to leave your survivors.

I am beginning to hate "spellcheck".

Print the post  


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.