If your feelings regarding the elusive notion of retirement include the words "regret," "frustration" and "envy," you're not alone – and if you're vastly underprepared for the financial consequences of retirement, join the club.

A new round of research from TD Ameritrade suggests the average American is not particularly keen on their own retirement prospects and, depending on his or her age, is also not in any financial shape to tiptoe off into those golden years.

The survey, which captured the feelings of 2,000 respondents born between 1930 and 1989, also demonstrated the difference in opinions that's developed between the generations.

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