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Pre-retirees acknowledge Social Security & pensions may not be enough
Amanda Umpierrez, citing new research on alternative income options, writes that workers nearing retirement are increasingly skeptical that Social Security and pensions will be enough to keep them secure. Many are looking to add savings from 401(k) funds, IRAs, and annuities to augment their incomes. The author notes the anxiety over pensions and Social Security is not unfounded, given the number of companies cutting pensions and news about Social Security’s solvency issues. Read the full piece here.