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Saving Mistakes Can Erode Long-Term Wealth

The Cash Conundrum: When Savings Becomes a Liability The story of Nicole and Shane, a couple who thought they were doing everything right, has sparked a timely conversation about the perils of saving.

On the surface, their situation may seem like one of privilege – with $265,000 in savings – but scratch beneath the surface and what emerges is a sobering truth: many Americans are making similar mistakes.

According to Vanguard's 2025 "How America Saves" report, the average retirement contribution rate is around 12%.

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