More than 50 million American workers have no access to a retirement savings plan, according to AARP. That includes plenty of Arizonans. So why aren’t people saving early and how much do you need to retire well?
“That is a question for which the proper answer is a very firm and unwavering: It depends,” said David John, a senior policy adviser at the AARP Public Policy Institute and deputy director of the Retirement Security Project at the Brookings Institution.
And it depends because there’s a lot to consider.
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