Workers Not Saving Enough to Get 401(k) Match

The majority of Americans are not saving enough in their 401(k) plan to be able to retire comfortably. Almost three quarters of current workers are not on track to replace 70 percent of their pre-retirement income at age 65 using their 401(k) plan and Social Security if the markets perform typically, according to a recent Financial Engines report. The analysis of over 2.8 million 401(k) participants at 272 employers found that the typical 401(k) participant is projected to be able to replace only 55 percent of his or her pre-retirement income.

http://money.usnews.com/money/blogs/planning-to-retire/2010/10/14/workers-not-saving-enough-to-get-401k-match.html

U.S. NEWS & World Report /Money
By; Emily Brandon

Waggoner Financial has solutions for this problem