What's the $1,000 a month rule for retirement (and why does it matter)?
Article Excerpt: "...Social Security benefits average only about $1,900 per month currently, leaving a significant gap between what retirees need and what they'll actually receive. And, with traditional pensions increasingly rare and healthcare and living costs rising, millions of seniors and soon-to-be retirees are facing the harsh reality that they haven't saved nearly enough for their golden years. ...even those who have been diligent about saving for retirement will need to understand how much income they can generate each month. That's where the $1,000 a month rule for retirement comes in. This rule can"
Resource: www.cbsnews.com