Russell Olson

Let's Save Retirement

Buch

Unlike workers in many developed nations, far too few American workers today can look forward to financial independence as they age. Many will be compelled to work much later, some into their 70s. This paper recommends a single private defined contribution (DC) pension system to cover all workers, with a single set of rules to replace the current patchwork of DC retirement plans in the US. Key provisions include - Creation of broadly diversified Trusteed Retirement Funds (TRFs), whose sponsors are trustees, with fiduciary responsibilities. - Payroll deduction of every employee's salary to go automatically into a broadly diversified TRF unless… Mehr

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Produktdetails

Weitere Autoren: Phillips, Douglas

ISBN: 978-3-659-70844-2
EAN: 9783659708442
Produktnummer: 36370876
Verlag: LAP Lambert Academic Publishing
Sprache: Englisch
Erscheinungsjahr: 2015
Seitenangabe: 68 S.
Masse: H22.0 cm x B15.0 cm x D0.4 cm 119 g
Abbildungen: Paperback
Gewicht: 119

Über den Autor

Russell Olson and Douglas Phillips have devoted their careers to managing funds as fiduciaries. Olson, author of four books on investing, was responsible for Eastman Kodak's pension plan and 401(k) plan. Phillips, with 33 years of investment experience, is chief investment officer for the University of Rochester's $2 billion endowment fund.