Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Atlantic Pension Services Inc
Nova 401(k) Associates
The Retirement Plan Company (TRPC)/an ABG firm
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|You May Need Less Retirement Income Than You Think|
Dec. 2, 2015
"In retirement, you likely no longer contribute to Social Security, Medicare and your retirement account. That means your replacement rate is down to no more than 77% of your final year's salary -- or 60% or less if you use average lifetime income ... If you subtract other expenses -- commuting and a lower federal income-tax bill (assuming you're in a lower tax bracket in retirement than you were in your working years) -- the replacement rate falls lower still."
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