Enhancing Retirement Security

Author : William G. Gale,J. Mark Iwry,David C. John
Publisher : Brookings Institution Press
Page : 406 pages
File Size : 41,7 Mb
Release : 2021-07-27
Category : Business & Economics
ISBN : 9780815739357

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Wealth After Work by William G. Gale,J. Mark Iwry,David C. John Pdf

Pensions and retirement saving plans have helped millions of households build financial security. But tens of millions of people have been left behind, without access to these wealth accumulation vehicles. For many others, the plans they have do not ensure financial security in retirement. The problems that underlie these failures can be addressed. This book proposes concrete, practical ways to make dependable retirement income accessible for all Americans—not just those with means. Individual accounts have eclipsed traditional pensions as the primary vehicle for retirement saving in the United States—a shift that underlies many sources of retirement insecurity. The 401(k) plan and similar accounts have increased financial security for many people but have done nothing for millions more. Many of those who do have such plans are burdened with the need to make numerous saving, investment, and withdrawal decisions that stress their financial acumen. Financial advice that is unbiased, unconflicted, and affordable is often difficult to find. Managing wealth in retirement—especially the need to convert retirement savings into steady income—poses significant challenges that current financial instruments and practices do not adequately address. Economic downturns like the Great Recession and the COVID-19 pandemic increase financial insecurity and make addressing these issues more urgent. Written by noted experts in the field, Wealth After Work offers practical solutions that address these concerns. The proposals show how policymakers can help all Americans gain access to retirement savings accounts, obtain better information about their savings choices, and better manage their wealth in retirement. By proposing solutions that build on, rather than replace the existing system, the book provides a nuanced, practical guide to reform that would benefit all Americans.

Author : Raimond Maurer,Olivia S. Mitchell,Mark J. Warshawsky
Publisher : Oxford University Press
Page : 128 pages
File Size : 43,5 Mb
Release : 2012-09-27
Category : Business & Economics
ISBN : 9780191636301

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Reshaping Retirement Security by Raimond Maurer,Olivia S. Mitchell,Mark J. Warshawsky Pdf

The worldwide financial crisis has wrought deep changes in capital and labor markets, old-age retirement systems, and household retirement and consumption patterns. Confidence has been shaken in both the traditional defined benefit and defined contribution plans. Around the world, plan sponsors, fiduciaries, policymakers, and households have gained a new awareness of retirement risk. When pressed to reform post-crisis, many would recommend enhancing financial advice for plan participants, emphasizing flexibility and the positive effect of working another one or two years to make up for investment losses in the downturn. Adding to this is the continuing need for financial education, essential as the retirement system moves increasingly toward personal account pensions. Perhaps most important of all is the need for greater understanding of risk throughout the retirement security system, along with new approaches to re-engineering retirement pensions. This volume explores the lessons to be learnt for retirement planning and long-term financial security in view of the massive shocks to stock markets, labour markets, and pension plans resulting from the financial crisis. It aims to rethink retirement in the new economic era, including the resilience of defined contribution plans and how defined benefit plans reacted to the financial crisis.

Author : National Research Council,Division of Behavioral and Social Sciences and Education,Committee on Population,Division on Engineering and Physical Sciences,Board on Mathematical Sciences and Their Applications,Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population
Publisher : National Academies Press
Page : 230 pages
File Size : 54,8 Mb
Release : 2013-01-10
Category : Social Science
ISBN : 9780309261968

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Aging and the Macroeconomy by National Research Council,Division of Behavioral and Social Sciences and Education,Committee on Population,Division on Engineering and Physical Sciences,Board on Mathematical Sciences and Their Applications,Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population Pdf

The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.

Author : Olivia S. Mitchell,Annamaria Lusardi
Publisher : Oxford University Press
Page : 328 pages
File Size : 55,5 Mb
Release : 2011-10-27
Category : Business & Economics
ISBN : 9780199696819

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Financial Literacy by Olivia S. Mitchell,Annamaria Lusardi Pdf

As defined contribution pensions become prevalent, retirees are increasingly responsible for managing their own pension assets and thus their own financial literacy becomes crucial. Based on empirical evidence and new research, the book examines how financial literacy enhances retirement decision-making in ever more complex financial markets.

Author : United States House of Representatives,Committee on Education and the (house),United St Congress
Publisher : Unknown
Page : 146 pages
File Size : 48,8 Mb
Release : 2020-03-09
Category : Electronic
ISBN : 9798617933149

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Enhancing Retirement Security by United States House of Representatives,Committee on Education and the (house),United St Congress Pdf

Enhancing retirement security: H.R. 10, the Comprehensive Retirement Security and Pension Reform Act of 2001: hearing before the Subcommittee on Employer-Employee Relations of the Committee on Education and the Workforce, House of Representatives, One H

Author : United States Senate,Committee on Finance (senate),United States. Congress
Publisher : Unknown
Page : 236 pages
File Size : 47,6 Mb
Release : 2019-10-23
Category : Electronic
ISBN : 1701890852

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Tax Reform Options by United States Senate,Committee on Finance (senate),United States. Congress Pdf

Tax reform options: promoting retirement security

Author : David M. Walker
Publisher : Unknown
Page : 328 pages
File Size : 40,5 Mb
Release : 1996-09-28
Category : Business & Economics
ISBN : CORNELL:31924078653734

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Retirement Security by David M. Walker Pdf

Millions of Americans face the possibility of a personal retirement crisis in the coming years. In the not too distant future, known demographic trends, projected financial imbalances in Social Security and Medicare programs, changes in employer pension and retiree health plans—and inadequate planning—threaten to derail your retirement security. Only through personal education, informed planning, and disciplined action can you insure a reasonable standard of living and quality of life throughout your retirement years. Retirement Security provides complete, candid, and insightful advice to help you separate retirement fact from fiction. Written by a retirement policy and planning expert with extensive experience in government and the private sector, this self-contained guide gives you the knowledge and the tools you need to make the most of your earnings and investments—both now and in the future. You will gain a solid understanding of the many components that affect your retirement security and the factors that drive them, including full coverage of Social Security, Medicare, pensions, retiree health arrangements, personal savings, and more. You will also find out how to design, implement, and amend your own retirement strategy, using a straightforward and effective seven-step method based on sound and proven retirement savings and investment principles. Whether you are embarking on a career, nearing retirement, or already retired, don't let your golden years be tarnished by financial insecurity. Retirement Security will show you how to plan, save, and invest in your future so that you can afford to retire. What is likely to happen to Social Security and Medicare programs? How can I make the most of my employer-sponsored pension and savings plans? How much income will I need for retirement? How should I invest what I save? When should I use IRAs or Keoghs? Now you can find answers to these and other critical questions in one book—Retirement Security, the most comprehensive and authoritative guide to retirement planning currently available. Combining sound analysis of the different components of retirement income with practical guidance on developing your own retirement strategy, the book's unique, two-pronged approach gives you the knowledge and the tools you need to make the most of your financial resources both now and in the future. Key features include: Comprehensive coverage of Social Security, Medicare, pensions, retiree healthcare, personal savings, and more. Clear explanations of the impact of demographics, economics, law, and politics on public and private sector programs and investments. A straightforward and effective seven-step method for devising and implementing your personal retirement plan. Crucial savings and investment principles to guide your retirement strategy. Informed guidance on where to seek further information about your government and employer-provided retirement benefits.

Author : United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations
Publisher : Unknown
Page : 152 pages
File Size : 42,5 Mb
Release : 2002
Category : Old age pensions
ISBN : PSU:000048695718

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Enhancing Retirement Security by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations Pdf

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 32 pages
File Size : 44,7 Mb
Release : 2018-05-12
Category : Electronic
ISBN : 1719012741

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Retirement Security by United States Government Accountability Office Pdf

Retirement Security: Trends in Marriage, Work, and Pensions May Increase Vulnerability for Some Retirees

Author : Anonim
Publisher : Unknown
Page : 31 pages
File Size : 53,8 Mb
Release : 2015
Category : Old age pensions
ISBN : 1927009642

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Retirement Security for Everyone by Anonim Pdf

Author : Indermit Singh Gill,Truman Packard,Truman G. Packard,Juan Yermo
Publisher : World Bank Publications
Page : 368 pages
File Size : 47,6 Mb
Release : 2005
Category : Business & Economics
ISBN : 0821358170

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Keeping the Promise of Social Security in Latin America by Indermit Singh Gill,Truman Packard,Truman G. Packard,Juan Yermo Pdf

Latin American governments that have undertaken structural overhauls to their national pension systems have improved their budget position, made public pensions more equitable, and encouraged savings and investment. This study says that despite these improvements, coverage of social security and private pensions remains stubbornly low across the region. As a result it urges policy makers to face the challenge of increasing coverage, building on the positive changes brought by reforms to date.

Author : David Gaylor
Publisher : Unknown
Page : 136 pages
File Size : 40,7 Mb
Release : 2017-05-09
Category : Electronic
ISBN : 0999018906

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Income Allocation by David Gaylor Pdf

When you stop working and the paychecks no longer arrive regularly, how will you replace them? In Income Allocation: Enhance Your Retirement Security, you'll discover how to keep the cash flowing in retirement like you did during your working years. Financial advisor David Gaylor reveals how you can assure yourself of regular, reliable income, regardless of how financial markets perform or how long your retirement lasts.

Author : Mark Miller
Publisher : John Wiley & Sons
Page : 263 pages
File Size : 44,9 Mb
Release : 2010-06-15
Category : Business & Economics
ISBN : 9780470908341

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The Hard Times Guide to Retirement Security by Mark Miller Pdf

A timely guide to overcoming the retirement challenges we all face The Great Recession has placed a wake-up call to America's baby boomers. Many have not saved enough for retirement and have not taken a hard look at how many post-work years they may need to finance. Written in a straightforward and accessible style, The Hard Times Guide to Retirement Security tackles the tough questions about retirement in the new post-crash economy. Page by page, it puts retirement in perspective by touching on important issues such as insuring against the risk of outliving your assets, recalibrating damaged retirement portfolios, managing the risk of health-care expenses in retirement, and career strategies for workers who are 50 years old and up. Reveals how to boost lifetime income through better planning, and working just a few additional years Offers advice on how to hire a financial advisor whose first loyalty is to you, not Wall Street Discusses why you should rethink housing in the wake of the real estate crash Offers detailed advice on career reinvention, the 50+ job market and midlife entrepreneurship Engaging and informative, this practical guide provides the strategies needed for a truly fulfilling and secure retirement.

Author : Teresa Ghilarducci,Tony James
Publisher : Columbia Business School Publi
Page : 166 pages
File Size : 40,7 Mb
Release : 2018
Category : Business & Economics
ISBN : 0231185642

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Rescuing Retirement by Teresa Ghilarducci,Tony James Pdf

In Rescuing Retirement, Teresa Ghilarducci and Tony James offer a comprehensive yet simple plan to help workers save for retirement, increase retirement savings by earning higher returns, and guarantee lifelong income for everyone. It offers a practical guide to the future of secure retirement.

Author : Annamaria Lusardi,Olivia S. Mitchell
Publisher : Unknown
Page : 304 pages
File Size : 43,8 Mb
Release : 2011
Category : Defined contribution pension plans
ISBN : 0191732087

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Financial Literacy by Annamaria Lusardi,Olivia S. Mitchell Pdf

As defined contribution pensions become prevalent, retirees are increasingly responsible for managing their own pension assets and thus their own financial literacy becomes crucial. Based on empirical evidence and new research, this book examines how financial literacy enhances retirement decision-making in ever more complex financial markets.