Investing in bonds used to be considered a solid retirement strategy. Not so simple anymore. Then again, neither is the definition of 'retirement'... We've been warned about a wave of retirees, as the boomers leave the workforce. And there've been all sorts of predictions about how this might play out. Perhaps it's time to go beyond mere predictions. Reporter Jo Giese sensed the reinvention of retirement is already underway. So she took her gear and travelled to a state where there's been a sudden influx of retirees. A place where you probably won't have much use for shuffleboard sticks.

Today's report on the gap in America's current accounts deficit with the rest of the world is a whopper -- $58.3 billion this past quarter. That's the difference between what we purchased from other countries and what they bought from us. It also includes foreign investments in this country. It's certainly a formidable figure... But what exactly does a high trade deficit really mean? In this segment of the Public's Business, Marketplace commentator Robert Reich offers his answer.