Is My $250,000 Annual Retirement Budget Sustainable? Expert Advice on Pension and Nest Egg Planning
2025-03-18
24/7 Wall St.
As retirement approaches, a Reddit user is seeking assurance that their pension and nest egg will support their desired lifestyle. With a pension providing $120,000 and a goal to spend $250,000 annually, they're wondering if their savings are sufficient. Retirement planning experts weigh in on the importance of creating a sustainable income strategy, including investing in a diversified portfolio and maximizing tax-advantaged accounts. By understanding key concepts like compound interest and inflation, retirees can ensure their nest egg lasts. Popular retirement planning strategies include creating a budget, investing in index funds, and considering alternative income sources.
