How much money do you need to retire comfortably?
Retirement planning has a lot of uncertainties built around variables that determine how you are going to get from here to there. It is important to simplify your retirement planning by breaking it down into two important principles: 1) making sure you are saving enough towards your retirement and 2) having a well-built plan.
Many of the “financial rules” you learned during your working years simply don’t apply during your retirement. The focus moves from accumulation to distribution. You have to become savvy in the “spending” of your assets to avoid unnecessary wealth transfers that can diminish the level of lifestyle you enjoy during your retirement.