Word: mcleland
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...standard of living. But they forget about additional expenses, such as medical costs. And then there's the Grand Canyon factor. Many couples first view retirement as the chance to take all those trips they put off over a lifetime, says Brian Jones, a vice president with Cooper, Jones & McLeland, Ltd. in Fairfax, Va. "They're not looking for a reduction in lifestyle at that time." He suggests couples shoot for having 100% of their income when they initially retire, then 80% to 90% a decade later: "when they're cruised out, have seen the Grand Canyon and been...
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