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Two-Thirds of Peak Boomers Aren't Ready for Retirement: Study
News April 24, 2024 at 02:36 PM
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What You Need To Know
- Fifty-three percent of respondents nearing age 65 have assets of $250,000 or less, according to a study commissioned by the ALI Retirement Income Institute.
- There are sharp differences in savings based on gender, race and ethnicity, and education.
- Projected mortality will offset 61% of Social Security's additional costs and 58% of Medicare's, the study found.
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