
Ask Paula: Am I Saving Enough For Retirement?
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Retirement Planning for Federal Employee with Self-Employed Spouse
A federal employee with a $161,000 salary asks how to consider pension in their retirement plan, how much to save for traveling and comfortable living post retirement, and how to check if they're on track to save enough with their current contribution plan. They have $100,000 and $70,000 in their retirement accounts respectively, and file separately due to student loans. They plan to contribute to a SEP IRA and start Roth contributions in two years.
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