Newsmaker: Saving for retirement

5:48 PM, Oct 16, 2012   |    comments
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"The earlier the better" is almost universal advice for any situation in life, but it's especially true when you're saving up for your retirement.

As you work hard to save for a decent retirement, it's hard to know just how much to save. Last month, Fidelity Investments, the nation's largest provider of 401k plans, said eight is the magic number.

Typical wage earners should save at least eight times their final annual pay to make sure they can afford their retirement.

BB&T certified financial planner Laura Lyons joined us to help break down the numbers so you know how much to save.

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