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Retirement Vulnerability of New Retirees: The Likelihood of Outliving Their Assets (PDF)
Ernst & Young 
Sept. 10, 2008
26 pages. Excerpt: The analysis finds that almost three out of five middle-class new retirees can expect to outlive their financial assets if they attempt to maintain their current pre-retirement standard of living. To avoid outliving their financial assets, middle-class retirees will have to reduce their standard of living, on average, by 24 percent.
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