4. Embrace automation: Once your retirement plan is ready, make it an automated plan where the money is automatically transferred to your savings account. If this happens automatically, you are more likely to keep up with the savings habit, rather than waiting to see if you have money at the end of the month. SOLUTION 4: It is recommended that Richard and Monica follow the above suggestions to close their retirement savings gap. They will have to focus more on investing their money in safe investments rather than stocks, shares, etc. The money will have to be invested in tax deductible investments so that they can get the tax benefit along with ongoing income.Part