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AARP The Magazine

You Call This Retirement? Boomers Still Have Work to Do

As the idea of the American retiree evolves, not so many in this generation will hit the links

En español | It is, by any measure, a fantastic sum: $21.7 trillion. No, that's not the latest GDP figure. That's how much money Americans now have set aside for their retirements, according to the Investment Company Institute. As the baby boom begins its long march out of the workforce (1 in 5 boomers, in fact, has already retired), Americans collectively are sitting on a jaw-dropping nest egg, dispersed in IRA accounts, employer-based 401(k) plans and pensions. The only problem: It's not nearly enough. … Back to Article

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