Worrisome news indeed—81 percent of respondents in a financial wellness assessment said they're not on track to reach their retirement goals.
A study from Financial Finesse found that just 19 percent said they were on track, while the rest fell into three different categories:
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The unknowns: those who have no idea whether they're saving enough, and are overwhelmed by the whole notion.
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The underfunded: those who have run projections and know they're not putting away sufficient money.
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The under-confident: those who are financially on track, but are being derailed by worries over economic and market uncertainties.
The scary thing is that, among those who say they're not on track, more than 75 percent—those "unknowns"—haven't even run an assessment to determine exactly where they are.
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