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Need to Save More for Retirement? You’re Not Alone

With Social Security replacing a mere 40% of pre-retirement income on average, there is an urgent need for those still working to save more– much more. This Kiplinger piece highlights some of the results of Bankrate’s latest Retirement Savings Survey.  Findings include:

• More than half, or 57% of American workers, feel behind where they should be on their retirement savings. 
• More than 30% feel significantly behind. 
• Over 60% of workers are contributing more or about the same amount to their retirement savings than they did a year ago.
• But 37% are contributing less than they were a year ago.  
• Nearly half (48%) of American workers with a retirement goal don’t think they’ll likely be able to save that much.

The full article is here, and it includes ways to save more.

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