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Consumers Who Envision Their Retirement Save More
Lincoln Financial Group
Oct. 16, 2019 "Retirement plan participants who have envisioned their ideal retirement set their sights higher when saving for retirement. The median amount they think they need to save for retirement is 20% of their income (this is 7% higher than those who have not given any thought to their ideal retirement). As a result, those who have a picture of what retirement holds for them are more than twice as likely to contribute 15% or more in their workplace retirement plan compared to those who have not given it any thought." MORE >> |
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