Is Saving 10 times Your Annual Income Enough for Retirement?
WiserAdvisor
MARCH 22, 2024
Estimate retirement expenses: Be realistic about potential retirement expenses, considering that some costs may decrease, such as commuting expenses while others, like healthcare, may increase. It is a budgeting guideline that suggests allocating your income into three categories: 70% for needs, 20% for savings, and 10% for wants.
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