Are You Being Realistic About Your Retirement Prospects? Do This Reality Check
Nearly 60% of those polled for TIAA’s recently released 2016 Lifetime Income Survey said they’re confident they’ll be able to turn their savings into income that can support them in retirement. Unfortunately, fewer than half of the people surveyed know how much they have in those accounts or have tried to assess how much retirement income their savings can actually generate.
Confidence is nice, but it should be grounded in reality. Here are three key questions you should ask yourself to ensure your planning reflects a realistic assessment of your retirement prospects.
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