The two obvious choices are to trim benefits and/or increase taxes, but there are still tough decisions to make.
Nearly all their anticipated safety nets have developed gaping holes, and few have saved enough.
The report predicts there will be 11.1 million people 65 and older still working by 2018, nearly twice the current number.
Without successful careers to lean on, some guys could be feeling less confident about themselves.
But that doesn't mean they will, especially if their longer-living parents blow through it in their final years.
Delaying retirement may make financial sense, but poor health and age bias make working longer impossible for many.
'You can't take it with you' also applies to credit card bills. But what kind of a retirement strategy is this?
The latest venture for the 88-year-old actress is a line of hoodies with earbuds. Maybe respect for her will rub off on the rest of us.
VIDEO ON MSN MONEY
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
TOP STOCKS
The market's cheap money addiction is laid bare. No one knows how it will end.
MARKET DISPATCHES
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
FRUGAL COOL
Starting Monday, this site is joining forces with MSN Money Smart Spending. Here's why.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
SMART SPENDING
Yes, sometimes retail therapy has a place. Just try to be aware of shopping to beat the blues, and don't overspend.
SMART TAXES
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.
