Americans’ worry level over their finances prior to and duringretirement increased in 2017, according tothe Society of Actuaries, and those who haven’t made it toretirement yet are even more worried than retirees.
That’s according to SOA’s ninth annual Risks and Process of Retirement Survey, whichfinds that topping the list of concerns are inflation, health careand retirement costs.
Both retirees and preretirees say they feel “unprepared tonavigate financial shocks and unexpected expenses,” with 61 percentof preretirees fearing expenses that could see them running out ofassets in retirement, compared with 47 percent ofretirees.
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