RJ and Makay

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More than three-quarters of advisors say their clients are worried that they will outlive their savings, according to an SEI Advisor Network poll released Tuesday.  The survey found that:

U.S. productivity finished 2010 strongly, climbing a seasonally adjusted 2.6% in the fourth quarter on decreasing labor costs, the Department of Labor (DOL) reports. Furthermore, U.S. productivity rose 3.6% for all of 2010, its fastest rate of growth in eight years, the DOL says.

Fourth-quarter results surpassed the expectations of economists, who forecasted a 2.2% rise during that period. The fourth-quarter productivity gain also bested the third quarter's revised 2.4% increase. Higher productivity is associated with a rising standard of living because it tends to enhance corporate profits, some of which may be passed on to employees as higher wages.