Estimating retirement corpus – Learn the thumb rule to calculate
How much should I save for my retirement and when should I retire?
These two questions are like uninvited relatives. One cannot chase them out but at the same time got to treat them special. Americans love numbers to the extent that they measure everything with a pinch of stats (cups of coffee consumed or the number of honks, in key F, their gas-guzzling cars have blared – I am not sure what is the use of the latter one). No other country loves numbers like America. Every part of their life, however trivial it could be, is bombarded with statistics. In my opinion, most of the stats (commercial ones) are influenced by marketers to increase market share, destroy competition, and ultimately drive “unlimited profits” to the shareholders! I will talk about these mind-blowing trivial statistics and how convoluted logic is used to pursue one’s agenda – in another article.
Right now – another thumb rule is on your way. And that is “4% Rule”!