We encourage you to remember the following 3Ms when determining how much you can afford to spend in retirement:
- Measure your Funded Status periodically (we recommend at least annually at the beginning of each calendar year)
- Monitor your Funded Status from year to year, and
- Make changes when your Funded Status falls outside a reasonable corridor (guardrails)
Some of our readers question why the second M is important. We will answer in this post.
