Baby Boomers Retirement Not As Affordable As Once Thought!

The question is if you have to work to support yourself after retirement, is it going to be on your terms or will it be just another job?

http://www.makemoneyonlineprovensystems.com/baby-boomers-and-retirement

clipped from www.forbes.com PersonalFinance: Retirement strategy for Gen X WASHINGTON(Reuters) - Putting hard-earned money into a 401(k) account may seem ridiculous to a young person who's barely scraping in enough cash to pay for groceries and the cell phone bill. Maybe that's why a new generation of workers are skimping on their retirement plans. Fewer than half of Generation Y workers, ages 21 to 32, are making contributions or even aiming to do so, according to a new study from Fidelity Investments. They are, instead, worried about paying off student loans and simply making ends meet. As a result, they contribute less than they should to their retirement plans and are making poor decisions about how to invest the money. Sometimes ignoring the 401(k) makes sense: Companies that offer weak plans or don't match employee contributions shouldn't expect to see big participation rates from their workers. But even 22 year olds should have some retirement savings strategy.