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New Tool Helps Estimate Your Retirement Income

Female financial advisor working with couple in home
Female financial advisor working with couple in home

How much reliable, lifetime retirement income can you generate from your savings? That's a critical question for baby boomers approaching their retirement years without traditional pension benefits. These days, most people are on their own to use their IRAs and 401(k) balances to generate a retirement income that supplements Social Security benefits -- and they don't have a clue about how to estimate how much retirement income they can actually generate.

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