Jim welcomes financial writer Jonathan Clements and author of the award-winning Jonathan Clements Money Guide. Jonathan spent almost 20 years at The Wall Street Journal, where he was the newspaper's personal-finance columnist. Jonathan discusses a new study on retirement preparedness from the Employee Benefit Research Institute. The numbers provided in the study show that while a minority of Americans are in good shape for retirement, the vast majority are muddling along, with many totally unprepared financially. And with the costs of health care and other necessities going up every year, the outlook for many of those already retired or near retirement is none too bright. As one would expect, planning for retirement as early as possible can make all the difference.