Mel Abraham says 71% of Americans fear they won't have enough to retire, but most are asking the wrong question. Instead of chasing a number, figure out what retirement actually looks like to you, then calculate its cost. You might already be closer than you think.
71% of Americans don't believe that they'll have enough money to retire. That's crazy. That's not a small number. Here's the question that no one's asking: enough for what? If you can't answer that question, you're basically doing financial planning the same way I actually pack for a trip. I just throw stuff in, in the bag and hope for the best. The number doesn't create the life. The life creates the number. Once you know how to figure out what that life costs, you may discover something surprising. You're a lot closer than you think.
