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4 Simple Retirement Preparation Steps to Take Now

Planning ahead can go a long way in making the retirement years truly golden.

By Marlene Satter | Updated on October 14, 2015

Older workers are in trouble when it comes to retirement. They have little or no savings to meet what’s going to be a huge income gap for most of them, and no time to correct the situation.

According to a new study from the Insured Retirement Institute, the typical retiree faces annual expenses of some $50,000 but can only expect an average of $16,000 a year from Social Security.

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