Here's more bad news from the retirement front: Even households that earn between $60,000 and $105,000 a year do not have enough wealth to retire securely and maintain their current standard of living, according to a study by the Society of Actuaries.

The median household in their 50s and 60s earned $60,000 a year in 2010 but only had $100,000 in savings, according to the report. That's why, for pre-retirees with limited assets, delaying retirement, being strategic about when they claim their Social Security benefits and reducing spending may be the only options for improving retirement readiness, the society said.

Phasing strategies can help reduce the amount of wealth accumulation needed to retire successfully.

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