My Firefighter Pension Will Replace About 60% of My Pay. How Much Do I Actually Need Saved?
A 60% pension often seems solid until you compare it to a real household budget. Most retirement rules of thumb put needed income somewhere around 55% to 80% of current income, and T. Rowe Price uses 75% as a planning starting point for many households. So if your pension is going to replace about 60% […]