Calvo, Esteban - Center for Retirement Research (CRR), Boston College - 2006
Financing retirement is one of the major challenges facing an aging U.S. population. If individuals continue to retire … in their early 60s, many will be hard pressed to maintain an adequate standard of living throughout retirement due to the … declining role of Social Security, the shift to 401(k) plans, and low personal saving rates. Combine the retirement income …