Revised and Updated: Find out why conventional retirement wisdom fails to address the new, game-changing realities and learn to think differently about your retirement. Take steps to shelter your dreams from the coming "perfect storm" headed for America's retirement system: The retirement of the baby boom generation, increased life expectancy, and the rise of 401(k) plans means old definitions no longer apply. Develop the tools that will allow you to redefine retirement in a way that accounts for these new challenges. Break through outdated ways of thinking about retirement with Robert Krakower's practical and unflinching guide to the risks and opportunities awaiting anyone who wants a winning retirement plan in the 21st century. Written for the layperson in plain and simple language, Redefining Retirement for a New Generation exposes the hazards to a secure retirement that the financial media continues to gloss over. The book is a generational call to arms for anyone worried about the impact of current trends on the retirement system in general and his/her own retirement plans in particular. Get behind the scenes of the mutual fund industry, and discover the real reason why mutual funds perform so poorly. Apply the 401(k) plan checklist to your own employer's retirement plan and see how it stacks up against the ideal plan. Understand the pros and cons of the "buy-and-hold" slogan for modern retirement investing, and take control of your retirement as a member of the new generation.