03/08/2013 01:11 pm ET

It's Time To 'Power Save' For Your Retirement

There's a myth going around that I'd like to swat down. It's supported by working people -- maybe even you -- who aren't saving enough money to live comfortably when their paychecks stop. The myth says you'll be OK, even if you don't increase your 401(k) contributions or other savings. You'll make up for your small nest egg by working longer. The usual phrase is, "I'll work till I drop."

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