Melody Juge WSJ MarketWatch
Retirement. This life passage will place most people in a position of living on a fixed income for an extended period of time. In some cases for 20 to 30 and maybe even 40 years.
The key to moving graciously into and through this passage, where personal finances prevail, can be found in your definitive and accurate answers to this one question:
Exactly how much money will you require to fund your basic income requirements as well as your lifestyle expenses, month after month, year after year for the rest of your life?