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Retirement Income

Featured Blogs: The Retirement Beat, Retirement Roadmap

How much income will I need in retirement?

During an average retirement you’ll need 70-80 percent of your pre-retirement income to maintain the standard of living you enjoy while working, according to most estimates. You don’t need to reproduce your full paycheck, according to this thinking, because you’ll no longer have work-related expenses like commuting costs and Social Security taxes.

But who plans on having an average retirement? To protect against unpleasant surprises, you should sit down and estimate your expenses yourself. Take your current spending and adjust it based on the ways your expenses are likely to change after you retire. You’ll have lower commuting costs, but your medical costs are likely to rise. You may not have a mortgage, but you may spend more on travel and recreation.

The following links offer tools for building a retirement budget and estimating retirement health care costs, as well as tips for uncovering your own retirement income rules of thumb.

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  • Your 50s: Saving Money, Reviving Your Business

    Real Life: The CadeliniasSam Cadelinia figured he had already weathered the worst that a bad economy could hand him. As head of a thriving San Francisco real estate agency in 1994, he had watched as housing prices dropped 25 percent, and his income dried up along with sales. "I had to sell...

    Articles | Oct 28, 2009

  • How Much Retirement Income Do You Need?

    MoneyWatch's Jill Schlesinger does the math for you -- and explains how you can protect against unpleasant surprises.

    Videos | Jul 6, 2009

  • Stealth Inflation For Retirees

    As interest rates have plummeted, the cost of producing retirement income has skyrocketed. by Charlie Farrell

    Blog posts | Nov 16, 2009

  • Boost Your Retirement Income With Master Limited Partnerships

    Master limited partnerships can provide healthy income payments to ehnance your retirement in this era of low interest rates. by Charlie Farrell

    Blog posts | Nov 8, 2009

  • Beef Up Retirement Savings

    With their last child out of college, this was the year the Cadelinias were going to start putting serious money away for retirement. But the economic crisis whacked Sam's salary by 80 percent. Here's a savings and investment plan to get them back on track. When San Francisco real estate...

    Articles | Oct 28, 2009

  • Retirement Planning: What to Do Now

    Whether you’re 25 years away from retirement or you’ve already started packing up your office, there are specific steps you should now take to ensure your financial security. This step-by-step guide will keep you on track for a stress-free dismount from the corporate treadmill. 20 to 25...

    Articles | Oct 14, 2009

  • Your 60s: Retire in Comfort Despite a Tough Market

    Real Life: The HoffasLong before Michelle Obama planted a garden on the White House Lawn, Dan and Barbara Hoffa were digging up their backyard in Portland, Ore., to seed an ever-expanding plot of vegetables, fruit trees and flowers. For the next 20 years, the couple, now in their 60s, nurtured...

    Articles | Sep 15, 2009

  • Talk Yourself off the Ledge

    Sure, you?re nervous. Who isn?t? But fear is not a financial strategy. How to get a grip on your emotions, and your investments.You?re a smart investor and you?re scared. Yes, the market has rallied dramatically since mid-March ? but will it last? There?s good reason to be skeptical, given the...

    Articles | May 6, 2009

  • How to Restore a Devastated Nest Egg

    Dan and Barbara Hoffa felt a lot wealthier in 2007 than they do today. The market's plunge vaporized half of the Hoffas' portfolio, reducing their total liquid assets to about $900,000, a little more than half of which is arrayed in 401(k)s and a Roth IRA. The couple has an additional...

    Articles | Sep 15, 2009

  • Boost Your Income on the Verge of Retirement

    Before the recession stormed in, Dan and Barbara Hoffa could see nothing but smooth sailing ahead. But now Dan is unemployed, Barbara’s income has been slashed, and their comfortable $2 million nest egg has been crushed. Dan plans to file for Social Security in August 2010, when he turns 66...

    Articles | Sep 15, 2009

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