If you think you'll need $1 million to retire, you'd better make it $3 million. Setting the stage for financial security in your golden years requires diligent savings starting … yesterday. In order to retire, you need to make careful planning decisions today, says Jocelyn Evans, associate dean of undergraduate programs and finance professor at the School of Business of Charleston College. Part of that planning requires making trade-offs between discretionary spending and saving for the future. In this interview, professor Evans provides insight and advice for retirement planning.
Read the expanded report at the Bankrate.com Web site.