After the Great Recession devastated retirement portfolios, it's not surprising that younger participants are more likely to be on track to reach their retirement goals.
According to a survey by John Hancock of participants on its open architecture platform, more than 60 percent of participants under age 30, and two-thirds of 30-somethings, are on track to replace at least 70 percent of their earnings by retirement age. However, that preparedness declines steadily with age, the survey found.
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