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Retirement savings balances are falling far short of what's needed for people to retire.

Since most employees are cognizant of the fact that they need to save for retirement, and employers that offer 401(k) plans to their workers generally make a pretty stout effort at educating employees about contribution levels, the puzzle to solve is why so many people fall so far short.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.