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Gen X — and all Americans — can turbocharge their retirement savings, but basically all strategies focus on three major action categories: Save and invest more. Invest in higher-return assets.
Fortunately, a retirement saving strategy isn’t difficult to build. And to help you get started, you can use these six tips to start and supercharge your savings. Before you know it, you’ll ...
FAQs: Saving for retirement and your financial health Learn more in these common questions about 401(k)s and how to contribute to a healthy retirement. Find related articles in our retirement ...
The amount you need to save for each year past the technical full retirement age of 65 depends on several factors, including your lifestyle, location, retirement benefits and general savings plans.
Let's say you're only able to sock away $350 a month for retirement. If you start saving and investing that sum at age 25 and retire at 65, that gives your money 40 years to grow.
1. Use the Rule of 25 to get a ballpark number. A good rule of thumb to estimate your retirement savings goal is the Rule of 25.Simply multiply your desired annual retirement income by 25.
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