YOU WORK HARD MAKE YOUR 401(k) PLAN WORK HARDER

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Life expectancy continues to expand, thanks to new advances in medical care and a focus on better health habits. A longer life often means more years in retirement, which may last 30 years or more.

How much money will you need socked away to shore up a comfortable retirement? The IRS suggests you’ll need up to 80% of your annual income today to help ensure your quality of life continues once you say goodbye to a regular paycheck. And when you consider the average benefit amount paid monthly by the Social Security Administration is $1,177, it becomes clear that many of us need to boost our nest egg.

READ THE FULL ARTICLE BY DAVID CHISHOLM IN THE SPRING 2020 EDITION OF GAMING & LEISURE MAGAZINE.

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