The fifth part of our five-part series on retirement issues with AARP’s financial educator, Jon Dauphiné.
DAY ONE: Alyne Ellis tells you where to find and how to use AARP’s online retirement calculator. (You should know that none of the information you enter is retained by the Web site, or personally connected with you.)
DAY TWO: In part two of our retirement series, get ready to roll up your sleeves and get rid of debt. That way you’ll be in much better shape when you retire, even if you can’t save as much as you’d like to.
DAY THREE: Many people start collecting their Social Security checks as early as possible at age 62. But there are a lot of financial advantages to waiting.
DAY FOUR: With an Automatic 401(k), employees don't need to make an active decision about contributing unless they want to opt out. This has led to greater participation and greater saving.
DAY FIVE: Some policy makers say we need a new system to ensure that Americans will have enough money to retire. Part five of our retirement series explores some of the proposals that could eventually help people save.