Determining the amount of money you will need for a comfortable retirement is a complex task, influenced by several factors.
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- Are you taking advantage of any employer-sponsored retirement plans, such as a 401(k) or a pension plan?
- What types of retirement accounts are you currently utilizing?
- Have you started saving for retirement? If yes, how much have you saved so far?
- How much money do you think you’ll need for a comfortable retirement?
- At what age do you plan to retire?
- How can I reduce my taxes?