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Is It Safe To Withdraw 4% From Retirement Savings?

How much can you withdraw from retirement savings each year without jeopardizing your financial security? Conversely, how much money do you need to retire so that you can afford your current level of spending? In this post I overturn the conventional rules of thumb and offer you another viewpoint…

Retirement Savings Statistics Get Uglier

Are you on track for retirement? Most people aren’t (unfortunately) and these retirement savings statistics prove it. According to the Employee Benefit Research Institute as cited in the September 2009 issue of “Financial Planning” magazine, a tremendous loss of wealth from the market downturn in 2008 has made a difficult retirement planning situation far worse. Here are some of the surprising numbers…

Retirement Savings Statistics Are Ugly

I’m always amazed when I see the retirement savings statistics. It’s a scary picture. A recent newsletter from professor Robert Shiller (Yale University and “Irrational Exuberance” infamy) provided some amazing stats showing a fast approaching disaster in retirement planning and what you must do to not be part of the problem…