11 hours ago
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For most retirees, their biggest concern is the size of their nest egg. Having enough money to live comfortably and not outlive your savings is probably a top priority. But the question about how much money you need to save hinges on another, perhaps equally important question: How much do you plan to spend?
After all, your annual budget determines the "magic number" you need to target. And for a better idea of what your retirement budget could look like, it's helpful to consider the budget of a typical retiree.
With that in mind, here's a closer look at the most recent data from the Federal Reserve's Consumer Expenditure Survey (CES) (1).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
#question #moneywise
For most retirees, their biggest concern is the size of their nest egg. Having enough money to live comfortably and not outlive your savings is probably a top priority. But the question about how much money you need to save hinges on another, perhaps equally important question: How much do you plan to spend?
After all, your annual budget determines the "magic number" you need to target. And for a better idea of what your retirement budget could look like, it's helpful to consider the budget of a typical retiree.
With that in mind, here's a closer look at the most recent data from the Federal Reserve's Consumer Expenditure Survey (CES) (1).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
#question #moneywise
