Financial Insanity 8-10-24: Having Enough Income to Retire

This is Financial Insanity w-Scott McLean.  Today's show is having enough income in retirement. Don't count your chickens before they hatch.  You've heard the expression before, but what does it mean for finances and how do we keep our chickens from hatching in the financial nest egg?  It starts with estimating your retirement expenses, knowing whether you have enough saved before retirement and how much you should have in your 401k.  Many factors to consider like social security changes, inflation, taxes and the standard of living expenses.