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Having planned for retirement since my early 20's, and having retired at 56 strictly on savings/investments, the article is not detailed enough to be useful.
The major action people have to take is to track their expenses. Virtually no one knows how their money is spent. They know what they take home in a year, but always lament, "I don't know where the money went....".
You need to track your expenses. This can be done on computer software or 'old fashioned' pencil and paper in a ledger format (or spreadsheet format). You need to do this at least several years prior to retiring to see where the money goes. I would argue you need a solid 5 years to include maintenance to your house, car repairs, etc. You don't need to detail spending and write down every object --- you classify. Food and beverage, items for home maintenance, items for personal use, each of your utilties, insurances, etc. Setting up the spreadsheet takes some thought. Once it is set up, it's easy to update.
Then, you start analyzing/projecting. Will the mortgage be paid off? Will your health care insurance change? Do you need a new car? Have you budgeted home repairs --- new roof, re-do kitchen, etc. Kids out of the house?
The article mentions travel ---- something that applied to ourselves. If planning on that, try to project that. We do camping, which is inexpensive, but we drive all over the country, which is expensive in gas. Try to make some projections, as best you can, on what you anticipate your type of travel would cost.
You have to do some legwork of your own. You cannot simply read an article and pick a rule-of-thumb technique because it sounds good to you.
I posted this article to get people thinking not as a guide for retirement planning and I am sorry if you got that idea..
Often, articles make people think about things which is the whole idea. There is no one guide that will work for everyone and no foolproof plan. Further, if a plan of some sort has not been in place before you reach your sixties you may be in for a shock when you do look at the reality of retirement and costs.
In addition, many factors in today's economy were not factors even five years ago.. primarily the housing market problems and the economic and job changes of recent years. Health care is another issue.
So really, I am trying to see what people are looking at now and what they can do to alter their original plans or thinking and how much the new factors are affecting them. Does that make more sense?