The Bleak Retirement Landscape and What You Can Do About It
Steve Vernon of CBS Moneywatch, in a post today on cbsnews.com, examines what many feel is a dismal state of affairs for future retirees. Drawing on GAO statistics highlighting extensive reliance on Social Security as a primary income source, and citing “Retirement Confidence Survey” results that point to what many conclude is an inadequate level of savings, Vernon suggests the likelihood that “Many older Americans will need to adjust their lifestyle” in retirement to match the projected realities they’ll face in the years ahead. Video segments featuring CBS Moneywatch reporter Jill Hardy and CBS News Business Analyst Jill Schlesinger are included in Vernon’s post and provide additional commentary on the importance of financial preparedness. Read Vernon’s post here…