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The magic million remains an elusive goal for many. Here’s how far most Americans fall short, and what it means for your future planning.
Fewer than 3 percent of American households have amassed $1 million or more in retirement accounts, according to the latest Federal Reserve Survey of Consumer Finances. That figure highlights the gap between common retirement advice and financial reality for most savers. The idea of reaching seven figures is often pitched as the ideal retirement benchmark, but few get there. The $1 million…
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