Rescuing Retirement: A Plan to Guarantee Retirement Security for All Americans (Columbia Business School Publishing)

Amazon.com Price: $16.95 (as of 11/10/2019 10:43 PST- Details)

Categories: Books, Business and Money, Economics, Finance, Law, Personal Finance, Politics and Government, Politics and Social Sciences, Public Affairs and Policy, Public Finance, Retirement Planning, Social Security, Subjects, Tax Law, Wealth Management

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Everyone deserves as a way to retire with dignity, but this core feature of the social contract is in jeopardy. Companies have swerved away from pensions, and among the body of workers has woefully inadequate retirement savings. If we don’t act to fix this broken system, rates of impoverishment for senior citizens threaten to skyrocket, and tens of millions of Americans reaching retirement age in the coming decades will be forced to delay retirement and will experience a dramatic drop in their standard of living.

In Rescuing Retirement, Teresa Ghilarducci and Tony James offer a comprehensive yet simple plan to assist workers save for retirement, increase retirement savings by earning higher returns, and guarantee lifelong income for everyone. Built on people’s own money in individual Guaranteed Retirement Accounts, the plan requires no new taxes, no more bureaucracy, and no increase in the deficit. Speaking to Americans’ growing anxiety about their ability to retire, Rescuing Retirement provides answers to any individual wanting to consider the growing movement to give protection to a period of life once thought to be a deserved time of rest and creativity and offers a practical guide to the way forward for safe retirement.

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