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Economy, Personal Finance

“About 45% of Americans will run out of money in retirement…”

“…The model, run by Morningstar’s Center for Retirement and Policy Studies, showed that the risk is higher for single women, who had a 55% chance of running out of money versus 40% for single men and 41% for couples.

The group most susceptible to ending up in this situation are those who didn’t save toward a retirement plan, according to Spencer Look, the center’s associate director. Still, retirement advisors say even those who think they’re prepared aren’t…”

https://finance.yahoo.com/news/45-americans-run-money-retirement-004931245.html

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