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“`html What Is the Average Retirement Savings by Age? The average retirement savings you should have varies based on your age and income. According to investment firm Fidelity, you should aim to save the equivalent of your current salary by…
“`html Consider Your Plans for Retirement Saving too much for retirement might seem like a good problem to have, especially since nearly half of American families lack retirement savings, according to the Federal Reserve’s Survey of Consumer Finances. However, for…
“`html Can You Use Life Insurance to Fund Retirement? Life insurance can provide your family with a cash windfall if you pass away while your policy is active. This could replace your income and prevent a financial catastrophe for your…
“`html What Is a Social Security Bridge? Waiting to collect Social Security increases your monthly benefit payments, but only 10% of non-retirees plan to wait until 70 to maximize their benefits, according to the 2023 Schroders U.S. Retirement Survey. While…
“`html Update Your Financial Goals As you transition into retirement, your financial goals will likely change. You might want to travel more, move to a new home, retire abroad, take up new hobbies, or support your children or grandchildren financially.…
