via Wall Street Journal
RETIREMENT CHALLENGE: A new book, “Falling Short: The Coming Retirement Crisis and What to Do About It,” offers a distressingly clear picture of the financial challenge that most of America faces—and an optimistic appraisal of how the country can meet it.
The authors, Charles D. Ellis, Alicia H. Munnell and Andrew D. Eschtruth, explain why the “golden age” of retirement (roughly, 1980 to 2000) has given way to the current state of affairs: the “substantial gap that has opened up between the resources we need for a secure retirement and the income we can expect from our nation’s retirement programs.”
The three then spell out specific steps that the nation—and individuals—can take…
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