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Over 50% of Retirees Are Worried About Social Security

Should over half of retirees be worried about Social Security’s financial health? Well, Maurie Backman reports here on a recent Motley Fool survey that showed they are indeed concerned.  She explains the program is not going away but that upcoming benefit cuts are not that far away without some kind of congressional action. Since Social Security only replaces about 40% of the average worker’s pre-retirement paycheck, additional savings is crucial. Full article here.

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