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Outliving savings is retirement fear for many
Almost half — 46 percent — of investors in the U.S. are worried they will outlive their savings in retirement, a new survey shows. In fact, 36 percent of retired investors and 50 percent of investors who aren’t retired are concerned they will run out of their own money so that eventually their main source of retirement income will be Social Security, according to the Wells Fargo/Gallup survey of 1,011 investors who have $10,000 or more in savings and investments. About 58 percent of respondents have an income of less than $90,000; 42 percent make $90,000 or more. The survey was conducted in August...Read More
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