Retirement

How to Reduce Disability: Lessons from Chile

Disability costs are rising in many countries, including the United States. Disability is the fastest-rising component of U.S. Social Security, growing at nearly twice the rate of retirement benefit s…

How to Keep Seniors Working: Lessons from Chile

American workers live longer each decade but they continue to retire early. They often begin receiving Social Security benefits, quit working and stop contributing to national output well before age 6…

Unfunded Liabilities of State and Local Government Employee Retirement Benefit Plans

Investors breathed a tentative sigh of relief in recent months as they watched their retirement accounts make up for lost ground. Just a few months earlier, as they watched their 401(k)s weather drama…

Preparing for Retirement in an Uncertain World

In previous generations, many workers could expect to automatically receive a steady stream of retirement income from Social Security and a pension from their union or employer. Like Social Security,…

Chile's New Pension Reforms

In 2008 Chile initiated a major reform to its personal account social security system. The personal account system, established in 1981, replaced a traditional pay-as-you-go (PAYGO) system in which wo…

10 Ways to Wreck Your Retirement

People have a great deal of control over whether or not their retirement will be comfortable. Millions of Americans are preparing for retirement by saving in tax-favored retirement accounts - principa…

Roth 2010: Should You Convert?

Beginning in 2010, a new rule change allows people with an Individual Retirement Account (IRA) to reduce their tax burden at retirement by converting a traditional IRA into a Roth IRA. Before deciding…

Is the Mattress a Good Place for Money?

In fall 2008, the stock market suffered a severe decline. Fear prompted a number of individuals to suspend contributions to their 401(k) retirement accounts. They reasoned that holding the money and h…