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Retirement is something we all look forward toa time to kick back and relax. We all know the goal of retirement savingsto have enough money to cover our expenses and to have a little left over for the fun stuff. Whats tricky is knowing the best way to pursue those goals, like how much to save and which avenue of investing to choose. So, lets go over some retirement savings basics. To plan for retirement, you need to decide three things: Your savings goal What type of retirement account youd like to open and How to manage the money in your account Lets begin with your savings goal. Creating a retirement plan helps you figure out when youre going to retire and how much money youll need to live comfortably, among other things. By identifying how big your nest egg should be, youll be able to determine how much you need to save each month and how to allocate your investments. One quick way to come up with a retirement savings goal is by using a retirement calculator. These ca
