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If you dont know what financial goal to aim for, youll have a difficult time reaching it.
Robbins also emphasized the importance of planning for a longer lifespan as you run those calculations.
Fifty years ago, the average retirement was 12 years.
Today its 20-plus years.
Thats something Robbins aligns with another money expert on.
Its a conservative rough estimate that accounts for increasing withdrawals due to inflation.
However, it doesnt account for things like your pension or Social Security benefits without a quick adjustment.
Then multiply that number by 25 or the total number of years youll be retired.
Of course, that decision depends heavily on your health and whether your finances can tolerate the added wait.
Take matters into your own hands instead of depending on Uncle Sam.
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