Retirement once painted a rosy picture of time spent leisurely reading or enjoying hobbies, as well as pursuing new and rewarding activities we once couldn't make time for.
See also: AARP road map for the rest of your life
But the downturn in the economic landscape has left many boomers woefully unprepared for what was once thought to be one of the most pleasurable phases of life.
How ready are Americans for retirement, and is a full retirement from paid work even still possible?
Jean Chatzky, AARP's financial ambassador and financial editor for NBC's Today show, discusses the best ways to plan for -— and calculate -— your retirement needs. Joining her on Inside E Street is Steve Cassaday, an independent financial planner and president of Cassaday & Co.