Old Age

Experts share some of the best ways to plan for retirement in a post-recession world.

By the end of 2010 roughly 2.3 million people are expected to retire, according to the Social Security Administration. But on the heels of one of the country’s worst economic crises, this group of future retirees is facing far grimmer golden years. Instead of looking forward to ritualistic rounds of golf and travel to exotic places, many of them find themselves concerned that their money may not hold out for the duration of their life. According to a 2010 survey by the Employee Benefit Research Institute, 35 percent of Americans—up from 30 percent just a year ago—feel financially ill-prepared for retirement. “A distressing number [of Americans] have no savings at all,” says Jack VanDerhei, a coauthor of the survey. So how can you be sure you’re in the best position to take the plunge and leave the workforce? NEWSWEEK consulted a variety of experts, who shared some of the best ways to plan for retirement in a post-recession world.