Is Your Retirement Fund Enough? Why Most Americans Are Dangerously Short
Planning for retirement is daunting, primarily because it’s challenging to predict the exact amount you’ll need to live comfortably during your golden years. Several variables come into play, such as your retirement age, health condition, desired lifestyle, and the unpredictable nature of inflation. Traditionally, the magic number has been $1 million. It’s a neat, round figure that many believe would suffice for a comfortable retirement. However, recent studies suggest that this number might need to …