There is no magic wand that will instantly create a secure retirement for everyone. The fact of the matter is that Americans are responsible for creating their own financially stable retirement. Though Social Security keeps most seniors out of poverty, it provides a bare minimum of retirement income. And experts expect some changes to the program in the not-too-distant future.
Most Americans have to develop a siege mentality to retire securely. The battle to secure consistent retirement income involves a two-pronged attack: Save a lot and work a long time. Individuals are not entirely cast to the wolves, though: Regulators and lawmakers, with the help of employers, are constantly working to help Americans prepare for retirement.
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Damian J. Sylvia
Managing Partner
Retirement Income Solutions
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