@AARP @cfleck1 – Your New Retirement Number…..

AARP_Logo_Red

Your New Retirement Number: $58,000

Posted on 08/6/2014 by |Money and Work

Financial experts seem to speculate endlessly about boomers’ projected lifestyle in retirement based on their savings and spending patterns. Now a new survey that polled recent retirees about their standard of living has found that, for some, you don’t need a lot of money each year to retire comfortably and live happily.

According to the survey by Baltimore-based investment firm T. Rowe Price, recent retirees report living on 66 percent of their pre-retirement income on average — $58,000 annually — and say they’re very satisfied.Retirement piggy banks

Half of the 1,507 people surveyed say they’re living as well or better than when they were working. Most say they’re better off financially than their parents were at that age.

Read the entire article here.

Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s