How much income will you need when you retire?
Among one of the most important questions in financial planning is income in retirement. We use the ‘70% rule which states you will need 70 percent of your working income to maintain the lifestyle you want in retirement.
With people living to a greater age, retirement now represents a far greater proportion of our lives than previously expected. We all must accumulate more when we are earning to meet the extra costs of living longer. The decisions we make today will have far-reaching consequences long into retirement.