Tag: American Academy of Actuaries
The American Academy of Actuaries – a group of usually sober and sensible people – recently issued a brief making the case for “Raising the Social Security Retirement Age.” Their argument is straightforward. Social Security is running a 75-year deficit equal to 3.5 percent of taxable payrolls. The only way to fix the problem…
Lots of proposals have been put forth for a new and better retirement system, but they don’t answer the question of how we get from here to there.[1] We have a fairly extensive – albeit far from perfect – 401(k) system that people have just begun to understand. In my view, it makes more sens…
