Stop chasing a fixed amount of money for retirement
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It is unwise to plan for a fixed sum for retirement because there is always a risk of money running out in your old age.
PHOTO: BLOOMBERG
Allison Schrager
It used to be considered something of a tawdry question, although it could be flattering as well: “What’s your number?” Nowadays, your inquisitor is probably asking about retirement – as in, how much you think you need to retire. And, as it often was before, it’s the wrong question.