Sunday, November 16, 2014

Retirement--still possible?

Retirement-- a scary time in this economy.

Michael Hiltzik leads his column today with a sobering quote from Alicia H. Munnell's new book, Falling Short: The Coming Retirement Crisis and What To Do about It.

"There are only three options," she writes in her new book, "Falling Short: The Coming Retirement Crisis and What to Do About It." "The first is to simply accept that we are going to be poor in retirement. The second is to save more while working, which means spending less today. The third is to work longer, which means fewer years in retirement. Those are our only options."

She is director of the Center for Retirement Research at Boston College.

Well, we blew item #2.  

We're working on #1, and my spouse and I both are hitting retirement at the faily early ages of 66 and 67, only partly by our own choice.

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