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Money Crashers
In Your 40s, Check Your Retirement Progress – Then Max Your 401(k) & IRA
Your 40s still give new savings time to compound, so check now whether you’re on track for retirement. Fidelity’s guideline is to have at least three times your salary saved by 40 and six times by 50. Push your 401(k) contributions toward the yearly limit, fund an IRA, and start adding some bonds to your investments.
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