(SmartMoney.com) – Saving diligently for retirement can be stressful. Finding out that you actually have to save almost twice as much as you thought? That’s panic-attack territory.
Still, that’s where many people are now finding themselves as they get closer to retirement. The stock market and the economy have bounced back, but not far enough to restore damaged nest eggs to Grade AA extra-large stature. And for people approaching their office-farewell-party years, the financial consequences of this shortfall can be stark.