Yahoo! Finance - A Challenge for Your Retirement Plan

Summer is over, the kids are in school, and the rest of us are back at the office.

With only a few pages left on the calendar, September is the perfect time to make sure you're on track to fully fund your retirement plan at work. Maxing it out should be your goal.

A Challenge to the Underfunded

The truth is, people simply aren't saving enough right now to support themselves in retirement. In fact, last month the Center for Retirement Research showed that almost 45 percent of American households will fall short of meeting their expected retirement income needs.

What's worse is that the 2007 Retirement Confidence Survey from the Employment Benefit Research Institute (EBRI) reports more than half of Americans have less than $25,000 in their retirement accounts.

Click here to read more of my bi-weekly article on Yahoo! Finance.

Comments

[Kal]

Hi David

Enjoy your articles and advise.

You have asked for questions suggestions for future topics etc.

One question I've has to do with withdrawal strategies given the ever increasing variability in the stock markets even at the index level. Selling across a few days with a $ 1 Mio retirement kitty could mean 10's of thousand dollars. Do you think the dollar cost averaging concept would work while you are in the retirement withdrawing mode? Are there other issues to consider? Are there other options. Should one try to do market timing in converting stocks or index funds to cash needed for withdrawals.

Thanks

Kal