Article at a glance:

What US workers don’t know about retirement

• McKinsey research finds that US workers are far more likely to be forced into early retirement than many of them expect and that many significantly underestimate the costs they'll face in retirement.
• Almost half of all preretirees expect to work past age 65, yet only 13 percent of current retirees have done so. Health problems and the loss of jobs are the factors most likely to force people out of work prematurely.
• Financial institutions should be doing more to help people prepare for these harsh realities.