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Tipsheet

Boomers not saving enough

The new report from the employee retirement benefit institute warns that baby boomers haven't saved enough for retirement. The Institute looked at various investment accounts including IRAs 401(k)s and regular savings vehicles to determine how much shortfall there is. They say that cumulatively America has a $4 trillion retirement shortfall. That makes Social Security even more of the sacred cow. They warned that single individuals have a higher saving Stefan said well single women have a much higher savings deficit. The report also points out that women live longer than men that should be saving more not less.
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