“On the road to retirement land, Americans aren’t putting enough gas in the tank. New research from leading retirement security experts shows that shortfalls in 401(k) accounts — the dominant savings vehicle in the private sector — are large, and that the cost of filling them is much greater than people realize.

The bottom line: Americans are not accumulating nearly enough money in these accounts to provide a comfortable retirement.

As Alicia Munnell, co-author of the new book “Falling Short: The Coming Retirement Crisis and What to Do About It,” wrote in MarketWatch this week, 401(k) plans just aren’t working well.” -International Business Times

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