Here is an interesting heuristic to wrap your head around from this Washington Post article: “Delaying retirement by 3 to 6 months has the same impact on the retirement standard of living as saving an additional one percentage point of labor earnings for 30 years”.
Wished you saved an extra 5% a year while working? Delay retirement 2.5 years instead to catch up.
by Admin | Sep 24, 2018 | Decision to retire/retirement readiness, Financial Independence, Working in retirement | 0 comments
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