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Retirement Reality Check: Are You Saving Enough to Join the Top 10%?

1 min read
Source: Yahoo Finance
TL;DR

A study by the Economic Policy Institute (EPI) reveals that the average earnings of the top 10% of Americans in 2020 were around $173,000. To retire among this group, it is recommended to accumulate at least $2.5 million in retirement savings. Starting early, investing consistently, diversifying investments, living below your means, and seeking expert advice are key strategies to achieve this goal.

Topics:businesspersonal-finance#financial-planning#investing#personal-finance#retirement#savings#top-10percent
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  1. Here's how much you need to retire among the top 10% of Americans — are you tracking nicely?  Yahoo Finance
  2. New Study Shows This Group Is More Likely to Overestimate Their Retirement Savings  The Motley Fool
  3. How Much People Want In Retirement Vs. How Much They Have  Financial Samurai
  4. Retirement Savings 2023: Here’s How Much the Average American Lost In Retirement Savings in the Past Year  Yahoo Finance
  5. When It Comes To Preparing For Retirement, When Is Enough, Enough?  FedSmith.com
  6. View Full Coverage on Google News

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