What You’ll Need To Retire

Christian talk radio with Rob West

Retirement planning can be a daunting task, and one of the most common questions is "How much will I need to retire?" The answer depends on how much you are willing and able to cut from your budget. Generally, you will need 75-80% of your working income in retirement, but studies show the average retirement budget is only 60%. To make up the difference, you may need to work longer or part-time, or cut expenses. Downsizing your home, selling a car, dropping disability insurance, and paying off credit card debt are all ways to reduce your retirement budget. On today's program, Rob also answers listener questions about vehicle payments and title lock insurance.