older business man with hands over piggy bank Imagine the case of an executive who’s paid for four children to attend an out-of-state four-year college (those bills can easily top $1 million) and who pays for the long-term care of a parent with a condition such as Alzheimer’s — this can blow a hole in even the best-funded retirement plan. (Photo: Shutterstock)

A growing number of firms, from Fortune 500 companies to partnerships, are dealing with an unusual problem that might surprise a lot of people: what to do when a highly paid executive or a partner says they don’t want to retire for another few years because they haven’t saved enough.

It happens more than you’d expect, regardless of compensation level.  Everyone knows that Americans aren’t saving enough for retirement — even the average person between 56 and 61 only has $17,000 saved, according to Economic Policy Institute data.

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