Dealing With the “Retirement Savings Dilemma”

With some surveys suggesting that a mere one out of three workers will be financially able to retire comfortably at age 67, the question of when to exit the workforce is coming into sharp focus. In fact, a recent survey suggests that “The age at which the median employee is expected to be financially ready to retire” is 70.

So, what are the implications for those not planning to extend their work life beyond the present full retirement age? A post by Christy Bieber on provides some guidance on “overcoming the retirement savings shortfall,” beginning with recognizing the importance of determining when your desired retirement will commence, and then setting a realistic savings goal to support that plan. Her post presents guidance on how to go about this planning process, and offers some parameters on coordinating this goal with age groups.

Read Ms. Bieber’s post here. And on a related matter, you might want to take a look at an earlier post on this site that addresses a potential solution to the savings shortfall. This post, describing a portion of the Association of Mature American Citizen (AMAC) Social Security Guarantee proposal, discusses AMAC’s Social Security PLUS plan–an early retirement arrangement that may be accessed at age 62 or later that is in addition to the Social Security program from which 61 million Americans currently receive benefits. To learn more about AMAC’s overall approach to the Social Security dilemma, access the Guarantee here.


Notice: The first two links provided above connect readers to the full content of the posted articles. The URLs (internet addresses) for these links are valid on the posted date; cannot guarantee the duration of the links’ validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

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