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Image source: Getty Images. 1. Maximize your investment income. One of the best alternatives to boost your retirement income is to maximize how much income you receive from investments.
1. Use the Rule of 25 to get a ballpark number. A good rule of thumb to estimate your retirement savings goal is the Rule of 25.Simply multiply your desired annual retirement income by 25.
For example; If you plan on spending $5,000 per month in retirement from your investments, you'll need about $1.5 Million saved. But with Social Security, pensions, and other potential income, you ...
The best option when it comes to supplementing Social Security income is to have your own retirement nest egg. If you worked for a larger company in your life, you likely had access to a 401(k ...
If You Worked Only 20 Years: Social Security will factor in 15 zero-income years, which has an even more dramatic effect. With nearly half of your calculation based on zero-earning years, the ...
Leading up to retirement, you might be crafting a game plan for how to establish, grow and contribute to your financial wealth after you are done working. Be Aware: 5 Reasons Retirees Regret ...
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