approaching retirement risk exhausting their pension savings early, new research suggests.Standard Life surveyed 1,000 people aged over 55 and still working across the UK in February and discovered that a quarter (25%) of those aged 55 to 64 were only budgeting for their retirement income to last 10 years or less, with one in eight (12%) planning for that money to support them for just one to five years.Three in 10 (29%) over-55s expect to need the same amount of cash each year throughout their retirement and just over a quarter (27%) are not sure of their retirement income needs and how they will change.John Tait, retirement advice specialist at Standard Life, said: "Many people are struggling to think more than five or 10 years ahead,.
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