10,000 Baby Boomers are retiring everyday. A recent study by the Urban Institute concluded that 30-40 percent will not have sufficient savings and financial resources to support themselves in the same lifestyle lived during their earning years. Due to the devastating recession, I believe that figure is higher for leading edge retirees, and may be actually closer to 60-70 percent.

We retire for sveral reasons. Many have lost their jobs and can't find new ones. Others are just ready to do it, wanting to enjoy life a little more or just do something else. Whatever the motivation, the main challenge is always having sufficient financial resources to survive.

Part of the answer is one's perspective on what constitutes a "comfortable" retirement. Unless your retirement income is at least 70-75 percent of your previous earning income, that will change. "Comfortability" does not mean luxury, eating out every night, or taking continuous world cruises. More likely, it means a down-sized living. But if you know how to do it properly, that doesn't translate to a poor retirement. In fact, no matter what your retirerment income, there options for living comfortably and enjoying a rich, active lifestyle.

Learn How You Can Still Retire!