n Personal Finance Newsletter - How to calculate your living standard : retirement planning




Why this is crucial for proper retirement planning

A FIRM grasp of your current living standard is essential when trying to determine whether you are on track to retire comfortably in other words, if you would be able to maintain your standard of living in retirement. This can be done by calculating your present retirement income and expressing it as a percentage of your current living standard, and is a fairly accurate measure of the adequacy of the subject's retirement provision at the date of the calculation.


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