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(Updated: January 16, 2014)
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All this is very theoretical as you would expect from a college professor. I have been working with retirees for 23 years and have found that most everyone's situation is different. Some people frankly are never going to be able to save enough for retirement based on Wade's assumptions. What he did not address is the risk of earning 1.5% on assets over an extended period of time.

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