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Retirement Planners Overstating Income Needs

Saturday, Mar 08 2014
Retirement
Written by  PFA News

Many retirement planners estimate that clients will need the equivalent of 70% to 80% of their working income in retirement, but that may overstate needs for many retirees, especially those who are higher-income earners. So reports CNN.

In some cases, the rule can overstate needs by as much as 20%, says David Blanchett of Morningstar.

Read the full article from CNN.

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