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Walter Says Most Men Don’t Know Jack About Retirement!
By JLP | June 27, 2006
Money’s Walter Updegrave has written an article titled Why Men Don’t Know Jack About Retirement that talks about a recent retirement survey conducted by NewYorkLife.
The part of the survey that concerns me the most is when the men were asked about how much they could withdraw from their retirement plans each year. According to the article:
“Nearly half who ventured an answer felt they could spend 10% or more of assets each year, while another third thought 5% to 9% was appropriate.”
Are you serious? Ten percent? Lord help us!
Topics: Retirement Planning |