More often than not, if you dig below the surface of "lucky" people who have succeeded in their finances, careers or personal lives, you will find a tremendous amount of sacrifice, strategic planning and devotion.
The quiet retirement revolution of the 401(k) has the potential for negative consequences if workers save too little, raid accounts for non-retirement spending and fail to understand the significant risks that they bear under the system.
Consider why you work. The common answers to this question are: current consumption, future consumption (retirement), and pride that you get from your career. Our income is our greatest asset, but have you considered what would happen if one day you could no longer go to work?
While many worry about the future of Social Security and Medicare, they are largely uninformed about retirement finances. Just about half have calculated how much monthly income they will need in retirement. Only 28 percent believe they are on track to achieve their goals.