Why You May Need to Save Twice As Much for Retirement As Your Parents

A woman checks her retirement portfolio using her phone. Research from Morningstar suggests those planning for retirement may need to save twice as much as current retirees.

How much will you need to save before you can retire? It’s a simple question at the root of most people’s plans for their golden years. Answering it, however, can be far more complicated.

Using research that reexamined the viability of a popular retirement planning strategy known as the 4% rule, a Morningstar portfolio…

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