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The primary difference between a small emerging business, a startup and a profitable company is time and experience. However, certain variables play a.
Updated: Oct. 6, 2020, 2:17 p.m.
Retirement is the No. 1 financial goal of most Americans. But for many people, that goal is seemingly based more on aspiration than actual action. According to the Center for Retirement Research at Boston College, approximately half of those who retire at age 65 will be unable to maintain their preretirement lifestyle.
We know you want to be in the
other half. Here’s how.
1. Save 15% a Year.
The old rule of thumb used to be that you could fund a stable retirement by saving 10% of household income annually. However, some experts instead advise upping that to 15%.
An assortment of factors such as longer life expectancies, possible lower future investment returns, and the demise of the pension require workers to shovel more cash into their accounts.