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Reply to "Retirement Saving Benchmarks"
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[quote=Anonymous]So many websites provide benchmarks for retirement savings, such as you should have 3x your salary saved at age 40, 6x at age 50, etc. In the DC area, incomes are high compared to most of America. And if you can move to a lower COL area in retirement, is this model truly relevant? There must be other assumptions that go into this advice. How can I figure out if I am on track with my retirement savings (aside from hiring an advisor)?[/quote]
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