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Howard Gold’s No-Nonsense Investing: Even 75% of Americans in the best 401(k) plans won’t have enough to retire

We all know how woefully unprepared Americans are for retirement. But a new study tells an even more sobering tale: Three of every four participants in the best corporate 401(k) retirement plans won’t have enough to cover their post-retirement living expenses.

The study tracked millions of retirement accounts overseen by Edelman Financial Engines (EFE) for almost 300 public and privately held companies. Participants ranged from top executives to clerks and janitors.

Enrichetta Ravina, a visiting professor at the Kellogg School of Management at Northwestern University who worked on the research, offered a five-point plan to encourage people to save more and invest it wisely.

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