American workers not only don’t save enough money towardretirement, they really don’t know howthey’ll turn what they do save into income once they leave theworkplace.

According to the "TIAA 2016 Lifetime Income Survey," 58 percentof respondents feel confident that they can successfully turn theirretirement savings into income after they stop working. And,ironically, only 35 percent are concerned that they might run outof money during retirement — despite the facts that only 46 percenteven know how much they’ve saved and even fewer — just 35 percent —know how much monthly income they’ll have in retirement.

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