You're probably aware that planning to retire on Social Security alone is a poor choice. Those benefits, at least at present, will only replace about 40% of your pre-retirement wages if you're an average earner. And most retirees need a lot more income than that to maintain a comfortable lifestyle.

That's where your retirement savings come in. Unfortunately, a good 78% of Americans have been struggling to fund their retirement plans, according to the latest New York Life Wealth Watch survey. And here are some of the main reasons why.

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Source Fool.com