Retirement Number Predictions Gone Wrong have Consequences

As outlined in my recent Safe Withdrawal Rate post, answering the “How much do I need to retire?” question is critically important for anyone who wants to retire some day. An analytical, numbers based approach is the only way to do it right. However, it seems as though most people have their own take on what that number is, without any basis in reality. SWR is a little-known personal finance treasure, so most people just make up predictions, blindly pulling numbers from thin air as they go along. And if you look around, what you see is that there’s an Retirement Number...

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