Investors have short memories. Keeping that in mind, you might want to print this column and save it at the ready. It is timely reading this week and without any doubt will be again -- sooner than any of us want to admit.
Once the stock market starts sizzling again and Boomers may be deluded into thinking they can retire, there's not much that will stop a broker or insurance salesperson from turning their inadequate 401(k) balance into an annuity.
While many of us live beyond our means, for the most part our retirement shortfall isn't due to bad savings habits but the fact that we have one of the stingiest retirement systems in the advanced world.