Social Security Report

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Less than half of workers save outside retirement plans

A new Towers Watson survey finds 45 percent have put away money outside of their current employers’ retirement plan but it’s not clear the amount saved will cover expenses in old age. The report, based on an analysis of the triennial Survey of Consumer Finances conducted by the Federal Reserve Board in 2010, found the median amount of retirement savings was $79,300 and the average was $187,100. Read more…

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