As Congressional Republicans and the Obama White House lock horns over plans to confront the nation’s looming deficits, with the rating firm S&P weighing in with a warning of a possible downgrade of the nation’s AAA credit rating, LIMRA found that more more than half of retirees surveyed fear changes to Medicare and Social Security, as well as tax increases, threaten their retirement. 

The survey, led by LIMRA Corporate VP and executive director for retirement Marie Rice, surveyed people 55-79 in retired families who were getting by on income of $35,000 or more.

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