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2. Max out your income. Let’s get the obvious out of the way: Earning a higher income is going to help drive your wealth. But it’s going to be important to stretch that income further if you can.
As of 2022, the average U.S. retirement age was 61, according to Gallup.But you may be eager to end your career a lot earlier, especially if your job is stressful and harmful to your mental health.
For example, if your goal is to save $500 per month for retirement and you qualify for a $2,400 401(k) match, you could subtract 1/12 of this -- $200 -- from your monthly savings target, leaving ...
Retirement should be about enjoying what you love, whether you're spending your days on the golf course or relaxing on the beach. It should not involve worrying over debt, such as your mortgage....
According to the U.S. Census Bureau, about half of Americans ages 55-66 have no retirement savings at all. If you're one of them, you're facing an uphill battle as you look toward life beyond your...
Social Security: Social Security payments are another aspect of retirement income that can help make up for a lack of retirement savings. The average Social Security check for a retired worker was ...
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Image source: Getty Images. How far will Social Security go in retirement? The average monthly Social Security check as of June 2024 was $1,918. That totals just over $23,000 per year. Your total ...
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