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Many Americans fear going broke in retirement

Many Americans with significant savings fear going broke in retirement, but they aren’t willing to cut back on their current lifestyle to save more for the future, a new survey shows. About 55% of respondents say they fear not having enough money in retirement, more than they fear other stressors such as losing their job (37%) or gaining weight (25%), according to Bank of America’s Merrill Edge report, which is released twice a year…Read More


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