An old rule of thumb states that we’ll need about 70% of our pre-retirement income, after we quit working.  But MarketWatch says the median percentage for a 62-year-old retiree is now about 55% … and the corona virus recession is expected to drop that even further, to 48%.  This week, Granger discusses how to go about figuring out what your magic number is, since everyone's situation is different.

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