Are You Selling Your Life Expectancy Short?
It's never easy to face our own mortality, which means you'd think a fair number of workers would be overestimating their retirement savings needs. But actually, a large number of folks are sentencing themselves to an earlier demise than necessary, or so recent data tells us.
According to Fidelity Investments, nearly 40% of Americans think they'll only need enough retirement savings to last for 12 to 17 years. But that in no way aligns with what the Social Security Administration (SSA) says.
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Source: Fool.com
