Jun 8, 2020
An old rule of thumb states that we’ll need about 70% of our
pre-retirement income, after we quit working. But
MarketWatch says the median percentage for a 62-year-old
retiree is now about 55% … and the corona virus recession is
expected to drop that even further, to 48%.
This week, Granger discusses how to go about figuring out what your magic number is, since everyone's situation is different.