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    How Much Income Do I Really Need in Retirement?
    How Much Income Do I Really Need in Retirement?
    How Much Income Do I Really Need in Retirement?
    Ebook28 pages14 minutes

    How Much Income Do I Really Need in Retirement?

    By Dale Maley

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    About this ebook

    Financial planners use a rule of thumb that says you will need 70% to 80% of your pre-retirement income. This short story examines this rule of thumb and apply it to four fictitious families. Hopefully the results of this analysis will help people better understand the pros and cons of using the 80% rule of thumb. This story should also help people better estimate their retirement income needs

    LanguageEnglish
    PublisherDale Maley
    Release dateJul 8, 2010
    ISBN9781452376868
    How Much Income Do I Really Need in Retirement?
    Author

    Dale Maley

    Dale C. Maley is the author of the 19999 book Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros.He is also a contributing author to Chapter 18 Seeking Help from Professionals in the 2009 book The Bogleheads Guide to Retirement Planning.He is a very successful private investor who has been a student of Financial Planning and Investing for over 30 years. He was trained as an engineer at the University of Illinois and has been a practicing engineer for 32 years. His accomplishments as an engineer include the granting of 16 U.S. Patents and authorship of over 500 professional technical papers. He is also a member of the International Society of Automotive Engineers and the Society of Manufacturing Engineers.He also has earned an MBA (Masters Degree in Business Administration) degree from Illinois State University. His background in mathematics, engineering, and business provides him with the excellent basis for understanding and teaching investments and financial planning.He is also a very successful investor who has been investing in common stocks and mutual funds since 1980. He has also personally invested in both 401(K) and IRA plans, so he is familiar with participation and management of these types of investments. He has been investing in indexed common stock mutual funds since 1990.Dale became a Registered Financial Advisor in the State of Illinois in 2006 and is currently launching his business as a fee-only financial planner. He is President of Maley Financial Planning LLC.

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      Book preview

      How Much Income Do I Really Need in Retirement? - Dale Maley

      how much income do i really need in retirement?

      by

      Dale C. Maley

      SMASHWORDS EDITION

      * * * * *

      PUBLISHED BY:

      Artephius Publishing on Smashwords

      How Much Income Do I Really Need in Retirement?

      Copyright © 2010 by Dale C. Maley

      All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise) without the prior written permission of both the copyright owner and the above publisher of this book.

      Q: What areas of investing have you been exploring since the publication of your book Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros?

      A: The last

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