let's talk to chris kahn. he's the analyst for bankrate who did the compiling of the data. first of all, chris, what is the reality in terms of what most of us have in preparation for our retirement years regarding pensions and 401ks? - it's an extremely hard time to retire right now. i know that's not a great piece of news for people, especially baby boomers that are looking to leave the work force right now. you can talk in a number of different places. first of all, pensions, the decline of pensions in the united states. the fact that healthcare costs are going up and medicare is a perennial target of budget- cutters in congress. the fact that home values haven't really gone up in the past decade or so. there's a lot of pressure on average folks to find the money to retire. now, comparing that to congress, this is really kind of an apples-and-oranges comparison. it's fun to look at how your retirement is going to be compared with your elected representative. there's a lot of things that they have that are an advantage. first of all, they're federal employees, and federal

joining us via skype this morning, chris kahn of bankrate.com. good morning, and how is this affecting baby boombers who want to retire now? - it certainly is a time for extreme vigilance if you are just about to retire. we run a number of scenarios to look at exactly how successful a retirement portfolio would be. looks like if you were retiring right now, there is a good chance that what you might have, that you might think you have enough money to retire, it's not enough. compared to a generation ago, it wasn't the case. bond yields are much higher, inflation was different, the market was different, and you could last on much much longer on a portfolio back then than you can now. - what should people do to prepare? - there's a lot of things that you can do to prepare. first of all, you might want to work longer - i know it's not everyone's first choice, but just a few more years can make a big difference in how much money you have in that nest egg. secondly, diversify. don't invest in the same types of things that everyone else is investing in