The question most retirees ponder is how much they should take out of their financial plan each month to meet their spending needs.  For a long time, many have subscribed to the “4% Rule.”  But a columnist in the Wall Street Journal has his own that he calls the “$400 Rule.”  He says you’ll spend about $400 each month in retirement above and beyond what you’ll think you’ll spend.  Hear what Steve thinks of the $400 rule and how you could factor it into your retirement plan.

Then, the U.S. Senate is now considering a big bill passed by the House that’s designed to help Americans save more for retirement.  It’s commonly called “SECURE Act 2.0.”  Longtime wealth advisor James Bogart tells Yahoo Finance that it’s a huge step in the right direction. Hear Steve recap what you need to know and of course its impact to those who are currently retired or about to retire!  

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