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Americans are more worried than ever before about their retirement risks
The annual retirement Risk Readiness Study by Allianz Life Insurance Co. of North America is out, and their findings are not new but they are alarming. It found more Americans are worried than ever about their retirement risks, including concerns about health care costs, the rising cost of living, and running out of money before they die. Similar findings were echoed by the Bank of America Merrill Lynch’s recent In Tackling Retirement Risks report. Bank of America Merrill suggests ways to address these potential issues and offers lessons about steps plan sponsors and advisers can take to help retirement plan participants plan for them. For more details on both reports, click here…