Retirement is Broken But it is Not Hopeless

Retirement is Broken But it is Not Hopeless

If you’re in the middle of planning for retirement, you may have noticed that the news around retirement and how prepared (or unprepared) we are for it.  It can seem is pretty bleak at times. Every where you turn you’ll hear about how no one is prepared for retirement and how desperate the situation is for a good retirement plan.  You’re likely seeing articles about how people are living longer and are unprepared for expenses like healthcare in retirement.

First let me say that stats are right.  There is no denying that the numbers are scary.  More and more Baby Boomers are delaying retirement and we are overall, unprepared. 

The thing I have a problem with is not the numbers or the fact that retirement is in trouble, it’s the message that retirement is hopeless. I do believe we are facing a retirement crisis but I don’t believe we should throw in the towel and give up.

The way we have been doing retirement isn’t working anymore. Retirement has changed and we need to change with it. We have  to recognize that there’s a problem and we have to work to fix it. The time has come to take a good look in the mirror, realize we don’t like what we see, and work to adjust it. We don’t have to accept the same truths people before us are facing.  We can change things for ourselves.  


  • If we know we won’t be relying on social security, we can make plans to supplement our retirement income in other ways.
  • If we’re not making realistic plans we can be more proactive adjust our budgets, and share what we’ve learned with others. Current retirees – we’re looking at you here.  If things aren’t all they’re cracked up to be in retirement, we need your help. Share your concerns with others and help them avoid any mistakes you’ve made.
  • We can work to become more financially literate ourselves and teach our children and grandchildren the same.
  • If we don’t have enough in savings, we can consider alternative income sources and take control of our futures.
  • If we’re afraid we have too much of our retirement wrapped up in our employers, we can make sure we have backup plans.


We need to decide to make our retirement different. Yes, the news around retirement is scary – but it doesn’t have to be for you.

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