Dan Houston, president, Retirement & Investor Services at the Principal Financial Group, says it’s time for Americans worried about retirement to focus on what they can control. They need to develop a personal retirement recovery strategy.

Only 13 percent of American workers saying they are very confident of having enough money to live comfortably in retirement. According to the 19th Annual Retirement Confidence Survey (RCS) released by the Employee Benefit Research Institute and co-sponsored by Mathew Greenwald & Associates and Prudential Financial Group, retirement confidence among workers has tumbled by 50 percent in the last two years.

Houston makes comment on where advisors and their boomer clients can go from here.