© 2021 WYPR
20th Anniversary Background
WYPR 88.1 FM Baltimore WYPF 88.1 FM Frederick WYPO 106.9 FM Ocean City
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
WYPR 106.9 Eastern Shore will be at low power during the day until further notice. All streams are available.
WYPR Features

Expenses After Retirement

There are so many rules of thumb to guide one’s retirement. Here’s another. You will need 70 to 80 percent of your pre-retirement income to live comfortably once you depart the workforce. In other words, your income won’t need to be as high in retirement as it was when you were working. That’s because once you retire, your expenses will presumably fall. But as indicated by USNews, many financial experts advise against adhering to such advice.

Anirban has more.