Reinventing Retirement Income in America
Table of Contents
- Executive Summary
- Introduction
- The Importance of Retirement Income
- Determinants of Retirement Income
- The Change in Retirement Pension Plans
- The Performance of 401(k) Plans
- Explaining the Poor Investment Returns
- Other Causes of Low Returns
- The Threat of Future Liability
- Goals for an Effective Retirement System
- Building a Better Retirement System
- Conclusion
- Notes
- About the Authors
About the Authors
Brooks Hamilton, a Dallas attorney, has worked in the field of employee benefit consulting for more than 40 years. His practice since the late 1970s has been limited to corporate employee benefits and related executive compensation, financial and estate planning. Prior to that, he had founded and operated a firm providing professional employee benefit computer services to major financial institutions. For several years, Hamilton has been addressing ways to deal with the wide disparity of investment returns among employees with accounts in the same 401(k) plans. He holds a B.S. degree from the University of Houston, did postgraduate work in computer science at the University of North Carolina and received a J.D. degree from Southern Methodist University School of Law.
Scott Burns writes a personal finance column for the Dallas Morning News that is syndicated nationally and distributed by Universal Press Syndicate. The column can also be read on Money Central at msn.com. Burns has his own Web site, www.scottburns.com. Before joining the News in 1985, Burns had been financial editor and a columnist for the Boston Herald since 1977. Burns has been a contributing editor of Worth Magazine, and his articles and columns have appeared in other magazines, including Playboy, Vogue and Harper's Bazaar. He is a graduate of the Massachusetts Institute of Technology with a degree in humanities and biology. He also studied writing with poet Archibald MacLeish at Harvard University.
