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08 Feb 2012 20:52 #74529
by chairman
Though many savers may be scarred by the past decade of lousy returns, getting to $1 million over the course of a 40-year career should be a manageable goal -- even for some lower-income employees, says Greg Burrows, a vice president of Principal Financial. Someone who earns $35,000, saves 12% to 13% (including a company match) and who gets an annual raise of 3.5% and annual returns of 7% would save a million dollars
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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