Elizabeth Ayoola

Yeah.

And we want you to join the Smart Money Party next time to hear about how to handle taxes when you're self-employed.

Yes, the party is this show.

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This episode was produced by Tess Vigeland.

Hilary Georgie helped with editing.

Nick Chrismy mixed our audio.

And a big thank you to NerdWallet's editors for their help.

And I'm Elizabeth Ayala.

This episode, we're discussing whether you need 80% of your annual income in retirement.

Where did that rule come from anyway?

But...

First, our weekly money news roundup, where we break down the latest in the world of finance to help you be smarter with your money.

Our news colleague, Anahil Hoski, is back to talk about precious metals.

All right.

Thank you, Ana.

And I love that you guys touched on gold being a heirloom because I remember as a kid, my mom having stashes of gold and indeed selling them when money was short.

So now I know why she was doing that.

Up next, we answer a listener's question about how to estimate how much of your current income you might need in retirement.

But before we get into that, a reminder to send us your money questions.