How Much Income Do You Need in Retirement?

137206436It is an often asked question, but one that does not have a singular answer.

How do you determine what percentage of pre-retirement income you may need to maintain your desired lifestyle in retirement?

Marlena Lee, PhD, of Dimensional addresses this important question in the following video:

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More detailed information can be found in Marlena’s research paper “The Retirement Income Equation”.

If you have questions about the material or how it applies to your personal situation, please contact me for an analysis.

About Chas Boinske

Charles P. Boinske, CFA, is a 30 year investment management veteran overseeing the strategic direction and portfolio management process for Independence Advisors, LLC. Have a question for Charles? CLICK HERE TO ASK CHARLES