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Savings, Savings, Savings…How to You Stack Up Against the Pack?
In a post on the Albany Democrat-Herald, The Motley Fool’s Christy Bieber presents a chilling account of what one study suggests as a necessary rate of saving for retirement. Citing conclusions from the 2018 Retirement Income Adequacy Study by AON, “the typical employee needs to save 16% of income — including an employer match — starting at age 25 to have enough to retire at 67.” The reality of this conclusion is that few of today’s workers are anywhere near that level of frugality. So, where do you stand compared to your financial peers? Check out Christy’s post for some benchmarks you can use. Read it here…