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Good news: Just 40% of Americans are at risk of going broke in retirement

When it comes to retirement and money, we usually hear mostly bad news. But a recent survey on retirement saving trends serves up a bit of good news.

The number of people who expect to retire “broke”, meaning they have less than $10,000 saved for retirement fell to 42% from 55% last year, according to a survey by GoBankingRates. This also means that more than half of Americans have more than $10,000 saved for retirement. Now, knowing that estimates for out-of-pocket health care in costs in retirement are around $275,000 and climbing, having $10,000 saved up isn’t exactly comforting, but assuming the savers have awhile to go before retirement, it’s a start.

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