This projection would in turn favor Bush s plan. The younger a person begins to make retirement plans, the less pressure faced as retirement draws closer. If the workplace provides any type of retirement plan, 401K for example, take advantage of it. If you are uncertain if your place of employment provides any type of retirement perks inquire with someone in human resources or have a discussion with your employer. Make it a priority.
Women are the least likely to draw from a pension plan in retirement.
The general public hears very little about the struggles of poverty in retirement. If anything good comes from the fear of running short on social security funds, it will be making a wiser retirement planner for the future. It is advisable for anyone to make arrangements to meet with a financial planner and review retirement options beginning at any age. It can be disappointing to plan to retire at one age and discover it is not financially feasible until another. Clinton s recent Senior Citizens Freedom to Work Act should assist in alleviating some financial constraints for retirees, but will not resolve years of poor financial planning.