Retirement Savings Shortfall Gerald House MSM Researchers continue to analyze the methods and procedures for calculating the ideal savings and investment rates needed for individuals without considering that life happens . There are events and circumstances in our lives which determine our financial savings and accumulations once retirement approaches. Therefore, more theories and assumptions are not going to change the fact most Americans are not financially prepared for retirement. Pang, Gaobo, and Schieber (2014) discuss the numerous studies aimed at discovering the right mix of retirement withdrawal rates and portfolio allocation strategies. One item which the authors discuss is the disproportionate allocations without considering the pre-retirement income of the individual. Also, according to the authors, the life cycle accumulation models do not consider life events throughout the savers working life which may severely impact their savings rates such as caring for e
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