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Experts across the United States are increasingly worried that people’s savings and investments won’t be enough to last through retirement. Financial wellness holds the keys to a long and prosperous retirement, but you must know how to achieve it. But what is financial wellness? How easily can you attain it, and how might best practices differ depending on your age? Understanding the Potential Retirement Crisis Americans are facing a multi-faceted retirement and savings crisis that has many experts worried. Those on the verge of retirement may not have enough between their savings and Social...

Just like with a car, it’s a good idea to perform some annual maintenance on your retirement plan. Here’s a five-point inspection guide to help you continue to get good mileage out of your plan and ensure it stays reliable on your trip to retirement. 1. Review Your Retirement Saving Goals It’s challenging to predict your retirement needs, particularly if you’re in your 20s or 30s. But financial planners generally recommend replacing about 75% of preretirement income. Even if your retirement is decades away, you should use a retirement calculator at least once a year to estimate whether you’re...