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But that magic number varies drastically by generation.
Recent inflation and cost of living increases for everything are worries for many as well.
It makes Gen X wonder what is around the corner and what is necessary to ensure their financial security.
The boomer generation experienced a disciplined level of spending.
Those good habits are hard to break.
The average woman believes $1.5 million is needed to retire comfortably.
Is this a good savings target for most women?
One size does not fit all.
What should Gen X and boomer women do to terminate the gap on a shorter timeline?
Then, they need to add adisciplined savings planto the budget.
Continuing to avoid the problem will not make it go away.
Delay can just make it worse.
If not, get on a disciplined wealth accumulation (savings) plan and wealth protection plan.
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