Working Americans households probably will experience a potential income drop of 28% in retirement, and 38% retiree households report not having sufficient enough income to cover monthly expenses. This is according to new research from Fidelity today that shows retirement income gaps could force significant sacrifices among workers retiring tomorrow and in 50 years.

The Retirement Savings Assessment, the first industry analysis that provides actionable and quantifiable steps across three generations that quantifies the potential monetary benefits of five straight-forward steps — such as adjusting asset allocation and annuitizing retirement assets.

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