7/9/2013

A study by Dimensional Fund Advisors suggests that pre-retirees who believe they haven't saved enough can still achieve their goal of a comfortable retirement. The study concludes that the replacement rate for a worker's salary in retirement is less than typically assumed, especially for workers with higher incomes. Only people who make under $26,000 will need as much as 82% of their working income in retirement. People earning between $50,000 and $87,000 will need 62% of their salary.

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Reuters

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