Why the 80% Retirement Rule Is B.S.
by Jeff Somers from Lifehacker on (#65MZ9)
Retirement planning can be complex, so boiling it down to a couple of simple rules of thumb is comforting. One retirement rule" that gets tossed around a lot is the 80% rule" (the precise percentage varies a bit depending on who you're talking to): It suggests you will need 80% of your pre-retirement income in order...