Kiplinger

Covering Your Monthly Expenses in Retirement: Estimate Them, Then Secure Your Income

How much money do you need to save for retirement? If you're trying to calculate a dollar amount, you're probably not looking at it the right way.

It's hard to know how long a certain sum will last because of so many unknowns. Two variables are future inflation rates and how much you'll earn on your money during retirement. And the biggest unknown is how long you (and your spouse, if you're married) will live.

So, instead of trying

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger3 min read
Cryptocurrency: Stay In? Get Out? How to Decide?
Warren Buffett is famous for saying “Only when the tide goes out do you discover who's been swimming naked.” If you invested in cybercoins, the news has not been good lately. Are you wearing your bathing suit?  What to do?  Is time to take your profi
Kiplinger5 min read
As the Market Falls, New Retirees Need a Plan
Anyone newly retired or nearly so must feel like they have the worst timing in the world. A portfolio tends to be largest near retirement, just before those savings are about to be drawn down. These days, however, most portfolios have lost value; the
Kiplinger5 min read
4 Steps for Managing Income Withdrawals in Retirement
If you’re like most Americans nearing retirement, you’re worried about whether you have enough savings. In fact, only 22% of those approaching retirement believe they’ve saved enough to retire comfortably. At a time when the stock market is down, inf

Related Books & Audiobooks