Tag Archives: retirement planning

Important Advice for Retirees

If I had to choose one reason why people are under-prepared for retirement financially, it would probably be misunderstanding. Not just misunderstanding what retirement is about, but how and why it is different. Most people hear the popularized advice of living on 80% of your pre-retirement income or the safe withdrawal rate of 4% and then tune out. They don’t think about the further implications about what retirement actually means.