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Saving for retirement might entail a wide range of activities that you may not anticipate. According to the Department of Financial Services and CNN Money, it's not only about how much money you have today; it's also about when you decide to start receiving Social Security payments, how long you plan to live, your lifestyle, and a variety of other factors. According to CNN Money, a rough estimate of how much money you'll need to retire is 85 per cent of your current annual income. For instance, if you make $60,000 a year currently, you'd need $51,000 to live on. This computation is based on a number of assumptions, including: You're still at work. Both your pay and inflation will rise by 3.8 per cent per year. Your existing savings will grow at a rate of roughly 6% each year. GET ME MY MEDICARE can sort this out for you. Get more details on:- https://www.getmemymedicare.com/ Or call us on:-+1(844)907-4951 | |
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Target State: All States Target City : New York Last Update : May 03, 2022 2:13 AM Number of Views: 67 | Item Owner : GetMeMyMedicare Contact Email: Contact Phone: +1(844)907-4951 |
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