Part one of our interview with Professor of Economics Teresa Ghilarducci, on the topic of her new book “Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy,” is here. Q. Teresa, I’d like to ask a few questions about making defined contribution plans fit for purpose. A. One of my most downloaded papers for about 15 years was a paper that asked if 401(k) plans could be more like DB plans and solve our retirement crisis. I was earnestly, in my 30s, …
Tag: DC Plans
More than one quarter of older American workers earning higher wages — above $137,700 — have nothing but Social Security to rely on in retirement. And nearly half of all families have no retirement savings at …