How much of a nest egg do you really need?

03/19/2013 | InvestmentNews (free registration)

When it comes to figuring out the income a client will need in retirement, look at pre-retirement spending habits, writes Craig Brimhall of Amerprise Financial. "Using today's spending habits as a starting point, and asking clients about their existing and anticipated medical needs as well as family medical history, advisers should be able to help clients draw up a realistic list of anticipated living costs during retirement," Brimhall writes, breaking down the spending into "essential" and "lifestyle" categories.

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