In the wake of the economic downturn, more and more seniors are pushing off retirement or even re-joining the work force to make ends meet. The question on everyone’s minds becomes one of “how much do I need to retire comfortably and continue to maintain my standard of living?” If you have been living beyond your means, you may have some additional self-searching to do to determine what your standard of living should be, realistically. However, for those of you who have generally been living within your means and are wondering what a realistic retirement forecast may mean for you, it may be the perfect time to assess your financial savviness. If you pass the test, odds are you are in a much better position to retire than others around you.
To assess your financial savvy, go here.