2/25/2014 – Do You Know Your Retirement Number? (U.S. News & World Report)

If you know how much money you need in the bank to comfortably retire, you’re in the minority: Only 1 in 10 people make such a calculation, according to the Transamerica Center for Retirement Studies. That might explain why Americans are on track to replace an average of only 60 percent or less of their income during retirement. Financial advisors generally agree that retirees need to replace 80 percent or more.

Read the full article at U.S. News & World Report.