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Don’t lowball your retirement income like these Americans

Alessandra Malito
Don’t lowball your retirement income like these Americans

Working Americans say they need to replace two-thirds of their current income for retirement, but there are two problems with this theory. The first: Only about a third of them are on track to achieve that level of retirement income, according to a study by Transamerica Center for Retirement Studies and Aegon Center for Longevity and Retirement released Monday. The second: Two-thirds of one’s current income may not be enough to fund retirement.