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Do retirees think their income is adequate?

Despite concerns about whether the retirees of tomorrow are saving enough to finance a comfortable post-career standard of living, many of today's retirees report (perhaps as a result of the stock market boom in the late 1990s) that retirement has exceeded financial expectations. Another possible factor is that current retirees are likely to receive a larger share of their retirement income from "traditional" defined benefit pension plans (typically financed entirely by their former employer) than today's workers are, who are more likely to depend on a defined contribution retirement plan (such as a 401(k) plan).

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