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Americans are concerned about not saving enough for retirement, with rising food costs impacting savings. It's crucial not to outlive your money. A study found people struggle to plan for retirement, as life expectancy increases. Men live until 82 and women until 85, needing savings to last two decades. You can contribute up to $22,000 in a 401(k) and $6,500 in an IRA. Age 50 is important for boosting retirement savings, with key milestones at 59 1/2 and 65 for Medicare enrollment.
