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Determining Living Expenses for Retirement

Planning How to Live Well in Your Post-Work Life

James W. Walker and Linda H. Lewis

You are likely counting on pension, savings, and health programs from your employer to sustain you in your retirement, whenever that occurs. Combined with your personal savings and social security, you reasonably expect retirement to be an enjoyable and secure phase of your life.

However, many people often underestimate their financial needs and overestimate their prospective retirement resources. Research and experience suggest that you need to take a fresh look at your financial situation and plans so that you can live ...

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