Retirement income estimates vary considerably, but one thing is clear across the board: it’s essential for every individual to have a solid retirement strategy that includes enough savings and/or a steady stream of cash to guard against outliving assets. One rule of thumb is that an individual will need 70 percent of pre-retirement yearly salary to live comfortably, but those who are looking to travel or improve their lifestyle will likely need more, according to CNN Money. Read more...
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