Uncertainty about fluctuating interest rates and rapidly spiraling health care costs were cited as the two largest fears of both retirees and pre-retirees, according to a new survey conducted by the Schaumberg, Ill.-based Society of Actuaries.
The survey, which polled 804 adults between 45 and 80 years of age, found that only 3% of retirees and 5% of those closing in on retirement have at least $1 million or more in savings and investments while a 18% and 6%, respectively, have less than $25,000 stashed away.
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