Why Feeling Confident About Your Retirement Savings May Be Dangerous

Preparing for retirement is tricky, and it takes a lot of hard work and sacrifices to be able to save enough to enjoy your golden years comfortably.

Despite the challenges of accumulating enough savings to retire comfortably, 38% of retirees say they felt either extremely or very confident in their savings before they retired, according to a poll from the Associated Press-NORC Center for Public Affairs Research.

That may sound like a good thing -- and on the surface, it is. There are plenty of startling statistics about how unprepared the average American is for retirement, so it appears to be a positive shift when nearly four in 10 workers say they are confident in their savings.

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