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Americans aren’t ready to retire.
Half of future retirees are at risk of not being able to cover essential expenses into retirement, with only 18% able to cover essential spending, according to a 2018 Fidelity Investments survey. Just 32% of the 3,100 respondents surveyed were on target to cover all spending, including travel and entertainment.
Sean Allocca is a former associate editor of Financial Planning.
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