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According to a Morningstar Inc. recommendation released this week, a new retiree can safely withdraw 4% of retirement savings annually over the next three decades without emptying the till.
Social Security Income is Taxable. “Up to 85% of your Social Security benefit might be included in your taxable income,” said Justin Pritchard, CFP at Approach Financial, Inc. “That’s a ...
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Here’s how to invest your money after retirement so it can continue to last you through your golden years. 1. Calculate your retirement expenses. When you were saving for retirement, you were ...
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Rowe Price recommends retirees should initially look to replace 75% of their pre-retirement income. You can adjust your income replacement rate based on your income level, marital status and ...
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