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It might be the most consequential issue baby boomers will deal with when they retire: did I save enough? Vanguard’s free online calculator will estimate that for you, using the same sophisticated technique financial advisers charge hundreds of dollars to provide. The user-friendly calculator uses 100,000 of what are called Monte Carlo simulations of potential futur…
Despite an extended period of recovery since the global financial crisis and Great Recession, working-age households are less prepared for retirement than they were in 2007. The situation is worse for minorities, particularly Hispanics, according to a recent study from the Center for Retirement Research. A shocking gap exists between the wealth holdings and incom…
