Sentences with phrase «meeting retirement needs means»
As far as the financial services industry and virtually all the exhaustive research is concerned, meeting retirement needs means replacing a percentage — the most commonly cited figure is 70 % — of earnings during your working life.
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It also means that most of your money can safely be in long - term, high yield stocks that will grow fast enough to meet your long - term needs such as saving for college and retirement.
In retirement that means you can be pulling from both souces (401K and Roth) but only paying taxes on part of your «income» at that point, which can mean you more easily meet your income needs, but pay lower taxes than if you had to derive all the retirement «income «from taxable sources.