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Who wants to be a millionaire when theyretire?
Perhaps the better question is: Who wouldnt want to be a millionaire?
Financial influencer George Kamel recently released aYouTube videobreaking down why so few people aremillionaires when they retire.
Of course, retirement could cost more than $1 million or less.
Kamel broke down how to calculate much you will need to live based upon what your expenses will be.
According to Kamel, it depends on your age.
you’re able to use aretirement calculatorto determine the savings you need.
Kamel also recommended that those who start investing late take advantage of catch-up contributions.
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