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Have a sit-down with a professional. (Not an insurance salesman!*)
They will calculate how much you will need to retire based on your projected earnings and retirement goals. It may mean that 20% or more of your salary needs to go directly into retirement savings. After you have developed a savings strategy and plan for retirement, you are likely to be more relaxed about "disposable" income. If your savings obligations are met, you can play with the rest.
SEE A PROFESSIONAL!
* Never get investment advice from someone who gets a variable commission on your savings.
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My work here is nearly finished.
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