Chad Parks, president and CEO of The Online 401(k), wants to find a solution to the retirement crisis in America. He and some colleagues drove cross-country last year interviewing people from all walks of life about their retirement savings and their ability to retire. They put their findings into a film called, “Broken Eggs: The Looming Retirement Crisis in America.”
After doing his research, Parks believes there are six major obstacles to retirement in America, but the good news is that there are also solutions.
Getting people to actually save money can be difficult. Some individuals won’t save for retirement even if they have access to a work-based plan.
Workers need to invest their money appropriately for their age, their ability to take on risk and with current market conditions in mind, according to Parks.