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Sure, there are tools and calculators, but a report from Cerulli points out that more than 40 percent of participants in 401(k) plans don’t have an official source for retirement advice—and among those with less assets, the gap is particularly severe.

In its report The Cerulli Edge—U.S. Retirement Edition, Cerulli also points out that fully half of plan participants in their 50s are in the same boat.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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