Why You Might Already Be Saving Enough for Retirement.
According to [the contrarian economists from universities, research institutions and the government ], the financial industry, with its ostensibly objective online calculators, overstates how much money someone will need in retirement. Some, in fact, contend that financial firms have a pointed interest in persuading people to save much more than they need because the companies earn fees on managing that money.
The more realistic amount could be as little as half the typical recommendation made by Fidelity, Vanguard or any number of other financial institutions.
You might find this article very interesting. I did. Click here to read the whole thing.
