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General Retirement Savings Guidelines, And Claiming Social Security Benefits

General Retirement Savings Guidelines, And Claiming Social Security Benefits

Although this blog is about properly planning for retirement (not taking shortcuts), there will always be those who want some instant gratification. This post is for you! But please remember, the following information is very general, and each persons unique situation may require significant changes. There is no substitute for a well thought out retirement plan.That said, here are some general guidelines for how much you should have saved using age milestones:Age 35 - 2x your annual income Age 40 - 3x your annual incomeAge 45 - 4x your annual incomeAge 55 - 7x your annual incomeAge 60 - 8x...

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