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Will You Be Able to Retire?
No matter how much money we may be saving for retirement, one nagging question lingers: Will it be enough? Online retirement calculators aim to help solve that mystery. They can be useful tools, but don’t rely on them for bankable forecasts, experts say. “They are good because they give people a rough idea of how much they have to save,” says William Bernstein, co-principal of portfolio manager Efficient Frontier Advisors in Eastford, Conn. “They are bad in that they pretend too much precision.”…Read More
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