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


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.

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