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Retire Better: Why retirees should feel very worried right now

You know the old adage that “a rising tide lifts all boats?” What if you don’t own a boat in the first place? That rising tide won’t do much for you, will it?

And so it is with this historic bull market, which, if it continues, will enter its 11th year—11 years!—come March. Vast amounts of wealth has been created, lifting many boats; some folks have gotten even bigger boats.

But most Americans—perhaps you—haven’t benefited much. 54% of middle-income households (defined as income ranging from $48,000 to $95,000) don’t have enough saved to maintain a decent retirement. That’s the same percentage as in 2010, when the stock run-up was in its early stages, according to a study by the Center for Retirement Research at Boston College.

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