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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. 

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.