Summary of Falling Short

Retirement should be a carefree time when retirees can savor life without worrying about paying the bills. But your retirement won’t be so savory unless you plan for it and put money aside. Unfortunately, many people make no financial preparations for retirement. With skyrocketing health care costs, longer life spans and the elimination of corporate pensions, an unplanned retirement can mean years of struggle. Retirement specialists Charles D. Ellis, Alicia H. Munnell and Andrew D. Eschtruth examine the current and future state of retirement in the United States and offer sensible recommendations for how the government and American employers and workers can address retirement more effectively and create a proper retirement system with the right planning and preparation. Everyone must plan for his or her senior years, and the authors provide an excellent primer. getAbstract recommends their informative report to organizations, employees and policy makers.