Inflation, cost of living and higher interest rates are crunching retirees' wallets, experts warn. Photo: Paul Miller/AAP PHOTOS

Half of all Australians don't feel particularly confident about their retirement finances and almost as many don't have a post-work financial plan, three new reports show.

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Just 50 per cent of 2000 Australians surveyed in July said they felt confident about their financial security in retirement, with more than one in three of those older than 65 still feeling financially insecure.

Financial services giant AMP commissioned the survey by independent researc

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