By Andreas Jalsovec
Take the right steps now
The word “pension gap” can trigger very different reactions in people thinking about their retirement plans. For some, this may motivate them to do something: try to narrow the gap between what they can expect later in terms of retirement payments and what they would need for a certain standard of living. Others, on the other hand, might be crippled by the term. They don’t know how to close the looming loophole.