For decades in 20th century America, retirement looked pretty darn good — Social Security, a pension, a well-deserved place on the links or at the Peanuckle table. People looked forward to it.
Today, retirement can look terrifying. Pensions — out the corporate window. Social Security — who knows? The affluent wonder if they'll still be able to go fly-fishing in Montana.
Millions of others wonder — or should — how they'll eat, with two-thirds of future retirees projected to live in poverty or just scraping by. And everybody wonders about "The Number" — the stack of dollars they need to pack away to make it through.
Hear a conversation with author Lee Eisenberg on how to build a nest egg in 21st-century America.
Lee Eisenberg, former editor-in-chief, Esquire. Most recently he was executive vice president and creative director at Lands' End. He is the author of the new book "The Number: A Completely Different Way to Think About the Rest of Your Life."
Alicia Munnell, director of the Center for Retirement Research, Boston College.
This program aired on February 15, 2006.