Certified Public Accountants
Daniel Lee & Co., Inc.
We cater to a wide variety of clients ranging from individuals to small business.
Our consultants and accountants specialize in business consulting and personal financial planning.
Of course, in addition to our specialty areas, we also provide tax and accounting services, including tax planning and tax return preparation, auditing, and bookkeeping.
How much of my income will I need in retirement?
A lot of people assume that they'll need an income equal to what they were earning the day before they retired in order to maintain their lifestyle in retirement.
In most cases, that's not true.
As a general rule, you should be able to live very comfortably on 60 to 80 percent of what you were earning annually.
Let's review how this percentage is derived.