September 18, 2013
Stephen J. Augstell, MS, CFP, Senior Vice President, Key Private Bank
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Spotlight on Finance
Americans are not saving enough for retirement. This is hardly breaking news. When measured against accepted benchmarks—85 percent replacement of preretirement income or 50 percent of preretirement income if you factor income from Social Security—a recent report by the National Institute on Retirement Security states that we’re about $14 trillion short on savings for retirement.