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The cost of living has increased proportionally, not exactly leaving a lot of room for additional retirement savings. Plus, proper retirement saving is hard. S
by falcolas 5y ago
The cost of living has increased proportionally, not exactly leaving a lot of room for additional retirement savings.
Plus, proper retirement saving is hard. Saving 10% in a method that negates inflation only nets you 4.5 years of income at retirement age. You’ll need to drop your living costs by over 3x to live to a median age, unless you don’t retire in the traditional sense.