Monster Income… How Much Income Do I Need In Retirement?

Little monster and a dollar sign

Monster Income!

This is another one of the big questions related to retirement. How do you know what to save or how to invest if you don’t know what your income needs are?

It is a simple question on the surface, but to get the answer it can become complicated very fast. There are many resources available but that is part of the problem. With so much clutter and noise, it is hard to find something that provides a basic understanding of the problem at hand.

marlena_leeThanks to Marlena Lee of Dimensional Fund Advisors for producing this excellent video. It provides a clear and concise overview of determining how much income you need in retirement. Here is a little more information about Marlena. As a vice president on Dimensional’s Research team, Marlena conducts research in asset pricing and macroeconomics. She shares the results through published research and in presentations to institutions and financial advisors who work with Dimensional. Marlena is also a member of the Investment Policy Committee. Prior to joining Dimensional, Marlena gained experience explaining complex financial concepts as a teaching assistant for several professors, including Professor Eugene Fama. She has also worked as an economic consultant on antitrust litigation cases and as a research assistant at the Manhattan Institute of Policy Research.

Marlena earned her PhD in finance from the University of Chicago Booth School of Business. She also holds an MBA from the Booth School of Business and an MS in agricultural and resource economics and a BS in managerial economics from the University of California, Davis.

Here is a link to Marlena’s video. All you have to do is click on the link: https://youtu.be/6oQBSqRQSGk

If you are intrigued by Marlena’s video, you may want to read her more detailed paper on the subject. Retirement_Income_Equation

Planning for retirement is complicated. Hopefully, this video and paper will help you understand one of the basic questions, “How Much Income Do I Need In Retirement?”

Have any questions or need some help?

You can always contact me at my business email: gallen@prudentllc.com

Hope you find this information useful.

2 thoughts on “Monster Income… How Much Income Do I Need In Retirement?

  1. link to video does not work

    From: Gary Allen on Business To: fs889@yahoo.com Sent: Sunday, January 10, 2016 9:51 AM Subject: [New post] Monster Income… How Much Income Do I Need In Retirement? #yiv3640964152 a:hover {color:red;}#yiv3640964152 a {text-decoration:none;color:#0088cc;}#yiv3640964152 a.yiv3640964152primaryactionlink:link, #yiv3640964152 a.yiv3640964152primaryactionlink:visited {background-color:#2585B2;color:#fff;}#yiv3640964152 a.yiv3640964152primaryactionlink:hover, #yiv3640964152 a.yiv3640964152primaryactionlink:active {background-color:#11729E;color:#fff;}#yiv3640964152 WordPress.com | gallen2014 posted: “This is another one of the big questions related to retirement. How do you know what to save or how to invest if you don’t know what your income needs are?It is a simple question on the surface, but to get the answer it can become complicated very fas” | |

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s