3 Dated Retirement "Rules" You Need to Forget
There are so many variables in retirement planning that figuring out how much you actually need to save can be a real challenge. It's totally normal to want to simplify the process by falling back on well-known retirement "rules," but this could end up hurting you in the long run. If you want to retire comfortably, you're better off ignoring these common retirement standards from years past.
While it's true that annual expenses often decrease once you enter retirement, this isn't the case for everyone. And even among those who see their monthly bills shrink, there isn't a consistent rate for such decreases. You might end up spending about the same amount in retirement each year or maybe even a little more, depending on what you plan to do with your newfound free time.
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Source Fool.com
