WASHINGTON - Saving enough for retirement is tough these days. While there are a large variety of retirement vehicles to choose from and last year's tax bill increased contribution limits, as life expectancies increase, saving for retirement has become a tremendous challenge. Consequently, so has providing retirement-oriented investment products, according to Jonathan Pond, an investment adviser and financial writer in Watertown, Mass.
"One thing that's happening is that...achieving a financially comfortable retirement is getting tougher and tougher every year," Pond said last month here at the Investment Company Institute's 2002 General Membership Meeting. Pond moderated a panel of industry executives on advising investors as they prepare for retirement.