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401(k)s, IRAs: Save it before you spend it

As the holidays approach, here’s a gift idea your whole family will appreciate: Ramp up your retirement savings rate now — before you start spending on holiday presents. New data on 401(k) plans reveals that U.S. savers are saving just $6,080 per year on average, or about $500 a month, according to Fidelity Investments, based on data through the year ending Sept. 30. The data covers 13 million plan participants….Read More

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