In 401(k)s we have $1.3 million and get $5,100 per month from Social Security. What is our retirement budget?
From a basic point of view, creating a retirement budget is about money all about money. You figure out the type of income that can be reliably generated from the consolidated assets and then compare it to household expenses. If the income exceeds the expenses, you are OK. If not, you need to make some…