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Future Retirees Likely to Be More Dependent on Social Security
Employer-sponsored retirement plans are providing less income than in the past, which means retirees are likely to be more dependent on Social Security, according to a study by the Center for Retirement Research. So reports ThinkAdvisor.
The shift from defined benefit plans to 401(k) plans and other defined contribution plans is the primary reason for the decline in income from employer-sponsored programs.
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