Preparing for Retirement in an Uncertain World

Studies | Retirement

No. 328
Tuesday, April 06, 2010
by Liqun Liu, Andrew J. Rettenmaier and Thomas R. Saving

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, traditional defined benefit pension plans promised a monthly annuity for life. Along with personal savings, pensions and Social Security were the mainstays of retirement. Increasingly, however, American workers must make their own retirement investment decisions.

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