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The executives noted that retirements are getting longer. Three-quarters of people who turn 65 will be alive at the age of 90 and nearly half will be alive at 95, said Tim Seifert, vice president and head of annuity sales at Lincoln Financial Group.“Only one-third of Americans think they will be more secure in retirement than their parents were,” Seifert added. “They need to have a retirement strategy that will last 30 or 35 years.”

Source: U.S. Workers Still Lag In Retirement Savings, But Execs See Some Hope