How you choose to spend your retirement greatly affects how much money you will need. While many financial websites and financial gurus give a general you need 60-70% of your current income to maintain your current cost of living' rule-of-thumb, it really depends on how and where you plan to spend your retirement. Someone who currently lives in New York City and plans to live there in retirement will most definitely need more money than someone living in Montana or Costa Rica. If you plan on travelling, whether domestically or internationally, you will need more money possibly more money t...
More..Shana McK.
Member since: February 2006
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