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Dec 3, 2021

One of the most basic retirement planning questions people have is  “How am I doing?”  We want to know if we’re on track for a comfortable retirement, or if we might need to change something.  To help, Fidelity came up with some so-called “benchmarks” for how much money we should have set aside, by certain ages.  Are these kinds of things generally helpful, or is there a better way of determining how we’re doing?


There’s a term that occasionally pops up in the financial media “lifetime income.”  Market Watch cited a survey in which one-in-three people believed they could get lifetime income from a mutual fund.  And one-in-five thought it comes from a target date fund.  Let’s try to clear this up: First, is there really such a thing as lifetime income, or is that just some kind of marketing term?  And if there is, how does it work? Hear Steve explain!