Should You Plan to Retire on 80% of Your Income? Examining a long-held retirement planning assumption.

Cape Gazette - A classic retirement planning rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering?

So concluded Texas Tech University professor Michael Finke, who analyzed the 80% rule last year and published his conclusions in Research, a magazine for financial services industry professionals.

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