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I'm a professional procrastinator. 50 with no savings — can I still retire comfortably at 62?
If you’ve got $100,000 in investible assets, you qualify for a free appointment with a vetted financial advisor in your area.
One common rule of thumb says you should have six times your annual income saved by age 50. Some people may need more or less than this depending on their retirement date, life expectancy, and more.
The average 401(k) account balance for people in their 50s ranges from $199,900 to $592,285, depending on which retirement plan provider's data you look at. While everyone’s income levels, needs, and ...
Starting to save for retirement at 50 isn't optimal, but all is certainly not lost. If you're able to max out a 401(k) for the next 17 years, you may be able to squeeze out $1 million in savings. If ...
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