How Much Money is 'Enough' for Retirement?
Determining how much money is ’enough’ for a comfortable retirement is a crucial question for many families. The answer varies based on factors like lifestyle preferences, geographical location, and the family’s financial goals. This article explores how much money an average family of 4 in the US might need to comfortably retire and enjoy life reasonably well, considering lean FIRE, fat FIRE, and high-cost-of-living (HCOL) or low-cost-of-living (LCOL) areas.
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