Business:Careers
77: Stop telling people that they need $1m to retire
2020-08-26
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If you live here in America, you must have heard some financial experts telling you that you need to save $1M in your retirement account to retire rich.
The amount you need to retire depends on several factors:
- Where you live
- If you have debt at retirement (Mortgage vs. no mortgage)
- Your health conditions
- Your lifestyle (Travel vs. not)
- The age you want to retire (62 vs. 70)
- Kids in college
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