Is Fidelity’s 45% Rule the Right Retirement Strategy for You?

According to Fidelity, the popular retirement rule of saving 10 times your salary by age 67 is essential, but workers should also aim for their savings to cover 45% of their pretax, preretirement income. While this guideline can help set a retirement savings goal, it may not fully address the individual’s specific needs. Therefore, it is crucial for individuals to also consider their personal circumstances and plan accordingly for a secure retirement.

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