401(k) accounts

A Simple Income Disclosure Makes Retirement Planning Easier

Posted on 09/6/2013 by |AARP Blog Author | Comments

Public Policy InstituteHow much in retirement savings do I need for a secure retirement? Is $100,000 enough? How about $700,000? Even more importantly, how much monthly income can I count on those savings providing to supplement my Social Security benefits?  These are questions most of us have no idea how to answer.   A soon-to-be-proposed regulation from the Department of Labor should help. It would require that statements from 401(k)-type accounts provide an estimate of monthly retirement income from savings in the …