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How Much Retirement Savings Will You Need to Feel Financially Secure?
Ken Steiner, FSA Retired
Jan. 23, 2017
"[1] Are you planning for just yourself or for your household? ... [2] When do you (and your spouse) plan to retire and when do you (and your spouse) plan to commence Social Security benefits or other sources of income? ... [3] What is the standard of living that you and your spouse are trying to replace in retirement? [4] How will you address long-term care costs and other non-recurring costs? ... [5] What are your assumptions for future investment return on your accumulated savings, length of retirement planning period and future inflation? [6] Is your estimate based on today's dollars or future inflated dollars?"
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