How Much Money Will Baby Boomers Need for Retirement?

Terry Savage is a nationally known expert on personal finance and a regular television commentator on issues related to investing and financial markets. Her syndicated personal finance column for the Chicago Sun-Times is read in newspapers across the country, and her columns appear regularly on TheStreet.com, the popular investing website. Terry's most recent book is The Savage Number: How Much Money Do You Need to Retire?

This is an edited transcript of an interview conducted on August 29, 2007. "Baby Boomer retirement is going to be like a category five hurricane with only category three levees built to protect it. Just like Katrina, when we saw Americans sitting on rooftops waiting for the government to rescue them.

The government will not be able to rescue Boomers who haven't prepared for retirement." Are Boomers ready for retirement? Americans as a whole have not saved anywhere near enough.

Of course the younger you start, you have time on your side. Even a little bit of money ... more.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.