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New Research Complicates the “80% Rule” for Retirement Savings

New Research Complicates the “80% Rule” for Retirement Savings

The American College of Financial Services
Yahoo! Finance
May 11, 2020

One of the long-held rules of retirement savings has been that people should be able to produce 80% of their current yearly salary to get through retirement comfortably. New research, however, is challenging this idea, and the income benchmark could be much less.

WMCP® program director Michael Finke says many clients may only need 50 to 60% of their salary in retirement—but for others, the 80% rule still stands. Find out the key differences in this piece from Yahoo! Finance.

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