Marylanders have saved nowhere near the $1.2M they think they need to retire

    If you feel behind on saving for retirement, you’re not alone.

    Maryland residents estimate they need around $1.2 million to retire comfortably, according to a recent Northwestern Mutual survey.

    But many in the state don’t even come close: Marylanders have on average $120,000 in retirement savings, according to a study from SmartAsset.

    Half of respondents in Maryland believe they’ll be financially prepared for retirement when the time comes, yet less than a quarter had actually put together a financial plan, the survey found.

    The story continues. Read the rest from The Banner.

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