retirement shortfall

Help for 50-Somethings Short on Retirement Funds

Posted on 04/4/2013 by |AARP Blog Author | Comments

Money & SavingsThe following is a guest post from Barbara Friedberg. There is no shortage of people in their 50s with little retirement savings. Pension plans like the ones our parents’ generation relied on are few and far between. Those 401(k) balances aren’t as high as we hoped. Social Security still faces the possibility of the “chained CPI” COLA proposal. Most of us, like my friend Seth, haven’t saved enough. Seth lives in New York City and earned a mid six-figure salary …