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However, having a high income doesnt necessarily mean that one is in thebest financial shape.
In fact, many are not.
The rich tend to misjudge how far theirretirement savingscan take them.
This figure is three times more thanmiddle and lower earners.
The rich need to save even more money for retirement to sustain their lifestyle for more years.
College Education and Healthcare Costs Are Rising
Maintaining a wealthy lifestyle in retirement is getting increasingly difficult.
At the same time, healthcare costs continue to climb.
This means that the rich need to have enough saved to afford higher medical expenses in retirement, too.
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