Will You Have Enough Money to Retire: Forecasting Your Retirement Savings

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Will You Have Enough Money to Retire: Forecasting Your Retirement Savings

Retirement savings are a critical part of your financial security. Whatever expenses you cannot cover through Social Security, Pension, post-retirement employment or other source must be made up by your savings. However, these savings are an income source that accumulate over your working years. How do you know how much money you will have when that magic day finally arrives. This article discusses two techniques that you can use to forecast your current retirement savings balance to your anticipated retirement date. This is the first step on the road to determining whether you will have financial security in retirement.

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