7-step cash flow assessment for retirees, recommending 75-80% of pre-retirement income.

An article outlines seven essential steps for retirees to accurately assess their cash flow needs. It highlights that retirees typically require 75% to 80% of their working income but emphasizes individual circumstances. Key steps include estimating retirement expenses, calculating income sources, preparing for unexpected costs, factoring in inflation, adjusting investment strategies, understanding tax implications, and regularly reviewing plans. Following these steps can lead to a financially secure retirement.

October 29, 2024
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