The Average Cost of Retirement? It Might Surprise you!
A new study from Merrill Lynch and Age Wave suggests that the average cost of retirement is closing in on three quarters of a million dollars, far more than the average cost of a home or other major life investments, like raising children or financiing a college education. The study, “Finances in Retirement: New Challenges, New Solutions,” further suggests that more than eight of ten people surveyed do not have an appreciation for what their might retirement funding needs are. A post by Think Advisor takes a look at what the ramifications of this lack of understanding might mean for future retirees. Check it out here…
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