There is a very good article in Investment News about retirement planning and, more specifically, devising appropriate withdrawal and income strategies in retirement.
The author discusses the nature of various income requirements and makes the entirely appropriate point that all income needs are not created equal.
For example, travel desires obviously differ from essentials such as food and shelter.
There are also different inflationary characteristics that need to be taken into account. Health care, for example, has a very different inflation profile than real estate and mortgages.
Overall worth a quick read.
Source: Investment News
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