Why the Retirement ‘Magic Number’ Keeps Getting Bigger
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$1.46 million. That’s what U.S. adults believe they’ll need to save to live comfortably throughout their retirement years, according to Northwestern Mutual’s latest “Progress & Planning Study” surveying Americans’ views on their long-term financial security. The retirement “magic number,” as the financial services firm’s April 2024 report terms it, is 15 percent higher than it was […]

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