New York CNN —
A recent analysis by Morningstar’s Center for Retirement and Policy Studies projects that 45% of US households run the risk of falling short financially if they retire at 65 — or 54%, if they retire at 62.
So many workers today have largely been on their own when it comes to saving adequately for retirement. That’s thanks to a shift away from a defined-benefit pension system — where your employer fully funds fixed monthly checks paid to you in retirement — and toward a defined-contribution system in which employees are responsible for putting away
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