"I have $1 million in my 401(k), do I have enough to retire?" That’s typically what most savers ask themselves . But it’s not the right retirement savings question to ask.
A better one is: "How much per year is that in income?" said Nick Nefouse, head of retirement solutions at BlackRock ( BLK ), the world’s largest asset manager.
But coming up with that income number based on your account balance alone won’t tell the whole story. Once you say goodbye to a paycheck for good, it’s all about how much total income you can generate from all sources. Fortunately, […]