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Ask Paula: Am I Saving Enough For Retirement?
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How Much Will You Need to Save for Retirement?
Uma and her husband are trying to figure out how pensions play into their retirement plans. They're unsure if they need to increase the number of years they work or retire slightly early for both of them. UMA, what I want you to do is test drive the type of lifestyle that you're talking about. Can you get a sense of what your day-to-day spending would be like? Then it's a simple math equation of assuming X percent inflation.
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