Saving $1 million dollars is a great accomplishment, and a retirement savings goal that many have. But while it may be plenty for some people to retire on, it may not be enough for others.
Rather than a blanket dollar amount that you should save, the amount you need when you retire is very specific to you and depends on these two things. 1) What income sources will you have in retirement?
If you qualify for Social Security, you can count this as one of your guaranteed income streams. You also might have a pension that you can depend on […]
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