Story: The “Ugly Truth” About U.S. Retirement Savings Shortfalls – A new Federal Reserve study notes that the U.S. retirement savings shortfall is worse than even the most pessimistic onlookers may think. The upshot. Americans will be getting less out of their 401k’s and IRA’s than they think. – – – In this story, we’re looking at the reality of retirement savings, i.e., the current status of retirement savings, why it’s so low, and what savers who have been lagging need to do right now to get back on the right track. I’m trying to paint a picture of what life would be like for retirees who didn’t have enough savings, to get our point across. Any help? Requirements: Retirement savings experts, retirement experts, investment experts, money managers, money and savings experts, actual retirees.