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Retirement Planning TipsSmartAsset
•78% Informative
The challenge of funding retirement is generating sufficient income to cover regular living expenses.
With $ 4,000 in monthly costs, your retirement funding challenge calls for $ 48,000 annually .
Social Security benefits will likely fill that gap, but not for another five years .
A financial advisor can help you build a retirement income plan to meet your needs.
An $ 800,000 IRA or 401(k) with Social Security benefits would likely support greater consumption than $ 4,000 per month.
An emergency fund should be liquid -- in an account that isn't at risk of significant fluctuation like the stock market.
If you live long enough, the chances of your savings going dry may increase.
VR Score
75
Informative language
70
Neutral language
64
Article tone
informal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
17
Source diversity
2
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