As I detailed in my post on Safe Withdrawal Rate, answering the “How much money do I need for retirement?” is of critical importance for anyone hoping to retire one day.
An analytical, numbers-driven approach is the only effective way to approach personal finances properly, yet most people seem to take ad hoc approaches instead of applying any analysis at all. SWR remains relatively unknown among financial professionals and so most people just make guesses or predict outcomes blindly while using what SWR offers as guidance.
As you survey the landscape, you will witness an interesting disconnection with retirement savings.
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