At 59, my husband and I have $250K saved for retirement. But my friend says he’s got $700K. Are we unprepared?

Additionally, they have an estimated $1,800 to $2,300 in Social Security benefits, which is likely dependent on when they start withdrawing benefits.It appears the couple is behind on savings. However, there are some details worth considering. First, they are expecting a pension payment of $1,100 per month. Over just 10 years, that's the equivalent of having another $132,000 in retirement — and if they live longer, that payment just keeps coming, so it could be worth a whole lot more.The couple is also nowh ...