5 Retirement Rules to Live By [The Motley Fool]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Your retirement can be even better and more financially secure if you know these rules and have a smart plan. Rules can be annoying sometimes, but many of them, such as look both ways before crossing the street, can keep us alive and well. There are some valuable rules related to retirement, too, and if you keep them in mind, your last decades can be much more comfortable than they otherwise would have been. Here are five important things to understand about retirement -- and to factor into your planning. Image source: Getty Images. 1. Have a plan First things first: You need to have a plan for your retirement. Leaving it all up to chance and hoping that you've socked away enough money can leave you in perilous shape later on. So grab a pad and pen and a calculator. Figure out how much you need to save for retirement and how you'll accumulate what you need. There's no one-size-fits-all number, but some experts suggest you'll need 80% of your income when you retir
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