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Financial outlook improves somewhat for retirees, report says
Retirees and pre-retirees were slightly more confident about their financial outlook in 2011 than they were in 2009, according to a report from the Society of Actuaries. The number of retirees who said the recession had made their finances worse dropped 2 points to 23%, while the number of pre-retirees saying the same dropped from more than one-third to 25%. The report also noted that retirees are lagging in learning how to manage risk and to plan properly.
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