With a lot of planning and a little luck, everyone can enjoy a fulfilling retirement.

Today's workers are on their own when it comes to funding their twilight years. But that doesn't have to be a bad thing. With 401(k) plans and other tax-advantaged accounts, Americans can boost their savings and exceed inflation's effect on their buying power.

What can you expect to learn from this chapter:

Why save for retirement   Whether you plan on living like a monk or working until you die, you'll need money -- and lots of it. Decline of pensions; rise of 401(k) plans   The future looks grim for old-fashioned pension plans; employers are turning increasingly to 401(k) plans for employee retirement savings. Those with a pension still need to save   By taking the reins of your retirement accounts, you take control of your financial future. Prioritizing retirement savings   Taking full advantage of tax breaks in retirement accounts will help you win big, both at work and on your own. Power of compounding   What do you get when you add lots of time to savings and earn a return that's above inflation? The potential for a lot of money. Dollar-cost averaging   Intimidated by trying to time the market? Don't worry about it -- just invest regularly and it will all average out. What inflation can do to your spending power   At an annual inflation rate of 3 percent, a dollar today will be worth just 74 cents in 10 years. Retain its spending power. Chapter 1 quiz   Test how much you learned about saving for retirement.