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Your 401(k) won’t be enough for retirement

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Your 401(k) won’t be enough for retirement

 

also, remember that you might perceive your 401k, 403b, 457, etc. balance is high but even if the balance is $1,000,000 remember that you don't have $1,000,000. You only have T*$1,000,000 where T is your marginal tax rate (expressed in decimal) for state and federal income tax. Don't let the gross balance trick you into thinking you're wealthier than you are.

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