second adulthood

New Thinking about Budgeting for Your Second Adulthood

Posted on 07/15/2013 by |AARP Blog Author | Comments

Money & SavingsThis is a guest post by Bart Astor. For years financial planners have been preaching that in your retirement years you should plan on spending about 70% of your current income. This number was based on a number of factors, including: You don’t need to continue to save for your retirement years You won’t be paying into Federal Insurance Contributions Act Tax (Social Security and Medicare) You won’t have commuting and work expenses Your house will be close to or already …