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Understanding–And Dealing With–the “Retirement Gap”
This situation called the “retirement Gap”–the difference between what you’ll need financially in retirement and what you expect to actually have–causes a fair amount of heartburn among folks approaching the key decision points associated with that life phase. In a post on nextavenue.org, American Public Media’s Marketplace contributor Chris Farrell discusses the anxiety folks face when retirement “… is no longer an abstract concept somewhere off in the distant future, but a looming existential choice.” Farrell’s article goes on to explain, for those feeling financially unprepared for retirement, the “…powerful levers you can pull that can enhance your financial security.”In addition to citing the importance of having a good understanding of your financial situation and the need to consult professionals for sound advice, he highlights the im[prtance of being flexible and adaptable in the face of your actual situation. Read this thought-provoking piece here…
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