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Retirement insecurity
Retirement insecurity

The "silver tsunami" predicted for Maryland, where more than 1 million workers have no retirement savings, is one that will sweep the rest of the country, too. As a matter of fact, the Employee Benefit Research Institute says the percentage of Marylanders with little or no savings is about average for the nation. More than a third of those within 10 years of retirement have saved less than $10,000 — a quarter have saved less than $1,000. The numbers are slightly higher for those aged 45 to 55. The problem isn't necessarily that these workers are undisciplined. It is that there is no easy, automatic way for them to save. Their employers, usually small businesses,...