US. Rethinking Retirement A Four-Pillar Framework for Security and Sustainability

America’s retirement system needs an overhaul. Many retirees face inadequate income and persistent uncertainty. On the bright side, however, most Americans do have more money than ever before to finance their retirement. Thus, reforming our retirement system will not require significant government resources. But it will require a fundamentally new approach that considers all potential sources of retirement income. One key feature of our retirement system, the 401(k), was designed to generate wealth that supplements income from Social Security and...