This “240 paychecks” concept is one of my favorite ways to simplify retirement income planning. It breaks things down into something tangible: instead of thinking about decades of unknowns, you’re thinking about a monthly paycheck — the same rhythm you’ve lived with your entire career.

Seeing retirement framed as a series of paychecks helps people understand longevity risk, withdrawal strategy, and budgeting in a way that doesn’t feel intimidating. It turns a huge, abstract goal into something you can actually picture. And once you visualize it, planning becomes less about fear and more about confidence.

If you’ve ever wondered whether your savings will last — or how to build a plan that feels stable and predictable — this is a great starting point. A little reframing goes a long way. It’s amazing how differently people approach retirement once they see it as income they can manage instead of a lump sum they’re afraid to touch.

Read more at the link below.
— Marilyn

https://www.kiplinger.com/retirement/retirement-planning/the-rule-of-240-paychecks-in-retirement