It's not a good combination.....people are living longer, jobs are harder to find, and Social Security is in financial trouble. It makes retirement planning that much more difficult.

Research bears out that most people feel that they are not, and might not, be ready for their retirement. According to research in a T. Rowe Price survey of 860 adults between the ages of 21 and 50, there is a lot of concern about planning for it.

Only 38 percent of the poll’s respondents answered that they were ‘confident” they’d have enough money for retirement. A dramatic finding was that 63 percent conceded that they had no detailed retirement plan at this point.

When asked how many years they would spend in retirement, the average answer was 22, which experts say is an underestimate.