Is Typical Retirement Advice Good Advice? Testing Retirement Rules Of Thumb

You want to retire soon. How should you set up your retirement income? You talk with some friends, read about it on the internet, and talk with a financial advisor. Are you actually getting good advice? When it comes to retirement income, most financial advisors rely on a few rules of thumb handed down from one generation of advisors to the next. The rules appear to be common sense and are usually accepted without question. Do these rules of thumb actually work? Before giving...