Different perspectives and attitudeson retirement are being debated now, especially about how to approach it with the right level of preparedness and security. This important issue is what many in our industry are calling "retirement readiness," and it comes with a host of inter-dependent questions that individuals must address. Am I saving enough? Do I have the right investments? Where can I get help? Will Social Security be there for me? What about assets outside of my 401(k) plan? How do I protect what I have and make it last once I stop working?

In the "new normal" we live in today, working Americans must realize that successful retirement planning means more than just putting money away into a workplace savings plan. As important as these plans have become to our system, they are not the complete answer to planning for a secure retirement. The growing responsibility to self-fund retirement must be approached in a comprehensive manner. Individuals must think not only about building up their savings along the way, but how those savings will translate into a sufficient stream of income when they stop earning a paycheck.

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