Core Insights - A significant portion of retirees struggle to save enough for retirement, with 20% of Americans over 50 lacking retirement savings and over half concerned about their financial security during retirement [2] Group 1: Retirement Planning - Having a structured retirement plan is crucial, as many individuals, like Frank, initially lacked a clear strategy for their savings [4] - Understanding the amount needed for retirement can guide individuals in determining how much to save monthly [5] Group 2: Retirement Accounts - The introduction of Roth accounts has provided new opportunities for tax-efficient savings, which many, including Frank, wish they had utilized earlier [6] - Traditional retirement accounts, while beneficial for tax deductions during contributions, require careful planning due to tax implications upon withdrawal [6]