Retire When You Want

Our five-step plan will get you there.

And the world keeps on spinning. Despite being mauled by the worst bear market since the Great Depression, most American workers continue to save for the future by investing via 401(k) accounts and similar employer-based retirement plans. And the majority of those workers made no changes to their investments during the financial crisis, according to a recent study by Vanguard. Is it because they were confident about their investments -- or too gripped by fear to make a move?

John Ameriks, head of Vanguard's Investment Counseling and Research group, says the study shows that despite the market's volatility, investors still believe stocks are important to have in their portfolios. But other financial professionals worry that such behavior is a sign that inertia remains the primary force in retirement planning. Without significant changes in the way Americans spend, save and invest their money, many won't be able to afford the retirement they want.

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Mary Beth Franklin
Former Senior Editor, Kiplinger's Personal Finance