, where money saved generates interest on itself. The more years this process has to work, the more savings will grow.
"If you waited an extra 10 years to start saving for retirement, you could be missing out on over half of the possible savings," Amy Oulette, a financial planner and the director of retirement services for Betterment and Betterment for Business,The typical 60-something hasn't yet hit $1,000,000, and that could be a problem
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