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Single retirees more concerned about outliving their savings
According to research by the LIMRA Secure Retirement Institute (LIMRA SRI), single retirees, particularly single women, are more concerned about outliving their savings; while 71 percent of married retirees are confident they will be able to live the lifestyle they want in retirement. Because essential living expenses are proportionately higher for single-person households than couples’ expenses, the risk of running out of money is greater for all single people as they age. For further details on this research, click on link to read article. Read article here…
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