Advisors can consider starting with conversations around retirement income goals: Seven in 10 sponsors reported setting a goal for retirement income. (Photo: Shutterstock)

How much do you need to save for retirement? It’s one of the most common questions we hear, yet so difficult to answer given the many variables involved: When you’re planning to retire, how much you plan to spend and so many other factors.

Americans are bombarded by guidance from many sources – but their plan sponsor is one important resource.

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