Commentary: Middle-class retirement accounts are falling short

11/13/2012 | CBS MoneyWatch

Middle-class Americans are not only falling short in their retirement savings, but also lack knowledge about how much they'll be able to withdraw without outliving their funds, consulting actuary Steve Vernon writes. He cites a Wells Fargo survey in which respondents' median estimate for necessary retirement savings was $300,000, while the median amount they had saved so far was $25,000.

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