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441: Defining Retirement Success or Failure: How to Interpret Retirement Calculator Outputs
What are the odds your retirement savings will last your lifetime? In the financial planning world, retirement calculators, software and simulations are often leveraged to answer this question; however, they don’t always provide the full picture.
In this episode, we discuss:
- Why it’s important to define what retirement “success” or “failure” mean to you
- Why different retirement calculators or simulations can provide a range of outputs
- The “die with zero” concept
Today's article comes from CanIRetireYet.com titled, Defining Retirement Success and Failure. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.
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