1. So You're About to Retire. Now What?

    So You're About to Retire. Now What?

    If you're getting close to retirement, now is a good time to evaluate your situation and figure out how much income you may need after retirement. Check your accounts regularly, and see if you might need to boost your contributions in order to catch up.

    A good rule of thumb is that you'll need about 80% of your pre-retirement income in order to maintain your quality of life after you retire. So, if your final salary from your job is $100,000, plan on needing about $80,000 in income during your first year as a retiree. Then figure out where that money will come from.

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