Why You're Probably Underestimating How Much You'll Need in Retirement
Figuring out how much you'll need to have saved for retirement can be really complicated. While there are a few different ways to calculate what's needed to support you, many people base their estimates on outdated rules or forget big expenses they'll likely incur.
You don't want to set your savings goals too low and end up running out of money. So it helps to know some of the common reasons people often save too little. Here are four of them.
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Source Fool.com