Easing Your Finances Into Retirement Part 2 Planning Your Retirement Income

In Part 1 of this series, I explained how to develop a retirement budget and determine the retirement income you can expect from guaranteed sources such as government pensions. However, for many people this guaranteed income will be insufficient. Drawing on savings to bridge the income shortfall is the customary solution to this quandary, and the focus of this article. How much do you need to save to fund your retirement income gap? The answer depends on your assumptions about such...