There is a big retirement problem in America, maybe even a crisis. Many working people won’t have enough money to leave their jobs and live in comfort and security. How many are in jeopardy is debatable, but the problem’s existence is not.
What’s to be done about it? Strengthen Social Security, certainly. Make it easier and safer to invest in workplace retirement accounts like 401(k)s. Shore up traditional defined-benefit pension plans where they still exist. All of these remedies are important.
But even if action occurs on all of them, working Americans will still need to take steps of their own to secure a safe retirement. Plenty of people offer suggestions for how to do that, but they often expect a slice of your hard-earned money, sometimes for advice and services that aren’t worthwhile.
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