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Published by Fidelity Interactive Content Services

Content for this page, unless otherwise indicated with a Fidelity pyramid logo, is published or selected by Fidelity Interactive Content Services LLC ("FICS"), a Fidelity company with main offices in New York, New York. All Web pages that are published by FICS will contain this legend. FICS was established to present users with objective news, information, data and guidance on personal finance topics drawn from a diverse collection of sources including affiliated and non-affiliated financial services publications and FICS-created content. Content selected and published by FICS drawn from affiliated Fidelity companies is labeled as such. FICS selected content is not intended to provide tax, legal, insurance or investment advice and should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by any Fidelity entity or any third-party. Quotes are delayed unless otherwise noted. FICS is owned by FMR LLC and is an affiliate of Fidelity Brokerage Services LLC. Terms of use for Third-Party Content and Research.

Have enough money for the retirement life you want

  • By Donna Rosato and Penelope Wang,
  • Money Magazine
  • – 02/26/2014
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Retirement planning is full of uncertainties: How long will you want to or be able to work? How many decades can you expect to live? What will happen in the markets in the meantime?

Focus on retirement

More on retirement topics — from planning to spending, and other issues that affect you.

One way to fill the knowledge gap is with rules of thumb, nuggets of conventional wisdom, or one-size-fits-all retirement products. Do a quick Google search and you'll find easy answers to how much you should save for retirement and how you can safely spend it. Meanwhile, mutual fund companies will happily sell you a single fund that offers a simple plan for investing your nest egg.

Too easy and too simple, says Michael Kitces, a financial planner and director of research at Pinnacle Advisory Group in Columbia, Md. "We rely too much on rough guidelines or underdeveloped knowledge instead of rigorous analysis," he says. Kitces is one of a group of big thinkers you'll meet in this story who say that you can do better.

New ideas about retirement are especially urgent now. Today's markets may not be priced to deliver high returns to retirees or those in their peak savings years; at the same time, the cost of health care in retirement keeps rising.

The good news is that if you break away from the obvious answers, you'll discover that you have options for the life you want after so many years at work.

On the pages that follow are five big ideas from some of the retirement-planning world's sharpest minds:

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Content for this page, unless otherwise indicated with a Fidelity pyramid logo, is published or selected by Fidelity Interactive Content Services LLC ("FICS"), a Fidelity company with main offices in New York, New York. All Web pages that are published by FICS will contain this legend. FICS was established to present users with objective news, information, data and guidance on personal finance topics drawn from a diverse collection of sources including affiliated and non-affiliated financial services publications and FICS-created content. Content selected and published by FICS drawn from affiliated Fidelity companies is labeled as such. FICS selected content is not intended to provide tax, legal, insurance or investment advice and should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by any Fidelity entity or any third-party. Quotes are delayed unless otherwise noted. FICS is owned by FMR LLC and is an affiliate of Fidelity Brokerage Services LLC. Terms of use for Third-Party Content and Research.
fidelity-fbs-iconThese links are provided by Fidelity Brokerage Services LLC ("FBS") for educational and informational purposes only. FBS is responsible for the information contained in the links. FICS and FBS are seperate but affiliated companies and FICS is not involved in the preparation or selection of these links, nor does it explicitly or implicitly endorse or approve information contained in the links.
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