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At any moment in time, only half of U.S. private-sector workers are participating in an employer-sponsored retirement plan, mainly due to lack of coverage. As a result, roughly one-third of households end up completely reliant on Social Security at retirement, while others move in and out of coverage throughout their careers…

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As U.S. financial firms push toward embedding life annuities in 401(k) plans, it is useful to assess the risks, as well as the gains, associated with making annuitization the default distribution option. While default strategies have proven highly effective during the accumulation phase, approaches that work well for retirement saving may have unintended adverse consequences…

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In a recent podcast, I talked with Dr. Anthony Zizza, medical director of Element Care, about the Program for All-Inclusive Care for the...

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And let’s use some of those revenues to make Social Security contributions fairer. For years, policymakers have treated the nation’s...

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This year’s Social Security Trustees Report has taken a major step towards offering a more realistic assessment of Social Security’s financial status. Unfortunately, the Trustees “offsetting” assumptions mask the full impact of their important changes…

Since the launch of ChatGPT in November 2022, AI’s potential impact on labor markets has been a growing worry. This concern has centered on the replacement of workers, with a special focus on younger…

Medicare receives too little attention. While the Trustees’ Report on Social Security makes headlines, commentary on Medicare is relegated to the back pages. Yet Medicare is a huge and growing program, operating in an expensive environment…

CRR IN THE NEWS

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President Donald Trump’s interest in partially adopting the Australian retirement system will meet legislative hurdles and resistance from employers whose buy-in will primarily hinge on how much it will cost.

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Artificial intelligence has prompted concerns that workers – particularly young professionals – could be replaced by advancing technology. Yet signs are emerging that older workers are also affected.