When it comes to retirement, the picture for many Americans is a bleak one. In today's do-it-yourself world of the 401k plan, most have less than $30,000 saved. A third have nothing at all.
Despite this, retirement and savings specialist Teresa Ghilarducci, economics professor at the New School for Social Research in New York City, says there is hope. Her new book is How to Retire with Enough Money and How to Know What Enough Is. She joins us this afternoon to share her advice on how to save for your retirement years.