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Retirees need 70% of their pre-retirement income but most live on less: Bankrate

Financial planners say that you need 70% of your pre-retirement income when you retire. And if that's so,…

Financial planners say that you need 70% of your pre-retirement income when you retire. And if that's so, the vast majority of retirees aren't reaching that goal, according to an analysis by Bankrate.com.
Bankrate used data from the Census Bureau's most recent American Community Survey. They divide

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