You could end up with a lot less savings at 65 than you ever anticipated because of fees charged by the financial institutions managing your retirement accounts. Robert Hiltonsmith, who researches retirement security, says those fees were disclosed to 401(k) plan participants until only recently.
Your 401(k) might not be the secure retirement plan you think it is. Economist Teresa Ghilarducci examines pension plans and offers advice on retirement security. Ghilarducci's new book is When I'm Sixty-Four: The Plot Against Pensions and the Plan to Save Them.