If saving for retirement were easy, perhaps more people would do it. Unfortunately, many people are already well into their careers without so much as a dollar socked away for their senior years.

Recent Ascent research found that 28% of non-retired Americans don't have retirement savings. And that's not a great place to be.

If you don't make an effort to save for retirement, you may need to live on Social Security alone. But those benefits -- assuming broad cuts don't happen -- will only replace about 40% of your wages if you're an average earner.

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Source Fool.com