The Flaw in Traditional Retirement Planning

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The Flaw in Traditional Retirement Planning

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Bernicke Wealth Management

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1,544 Views • Dec 4, 2024 • Click to toggle off description

Traditional retirement planning assumes That your average person needs a certain level of income when they first retire. And in this example we'll assume that they need about a hundred and twenty thousand a year but if they need a hundred and twenty thousand the first year of retirement traditional planning assumes that inflation is going to go up and people are going to need a little bit more each year to maintain a consistent lifestyle as shown in this graph And you can see 30 years down the road the amount of money that a person would need to maintain the same lifestyle under traditional retirement planning more than doubles 30 years down the road. #investing #shorts #retirement #retirementplanning #financialeducation

DISCLAIMER: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop.

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RYD date created : 2024-12-08T11:48:45.067247Z
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retirement income