Planning for sufficient retirement income requires you to map out what you spend in retirement, not what you have saved. You should factor in your basic living and joy expenses to determine how much money you need per month to live comfortably. This number may be affected by future inflation or cost of living, so you should consider that, too. Planning for lifetime income should be your #1 objective.
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Your investment advisor is not permitted to offer, and no statement contained herein shall constitute, tax or legal advice. You should consult a legal or tax professional on any such matters.
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