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- Title
Five New Ways to Improve America's Retirement Security.
- Authors
Tacchino, Kenn Beam
- Abstract
The federal government is focused on avoiding a retirement crisis and hoping to move business owner and plan participant behavior in the correct direction. However, despite positive strides over the last 20 years (including the recently enacted SECURE Act), more needs to be done. We look at some possible changes that the government can and should make. The changes call for promoting longevity annuity contracts; crafting measures to avoid the premature claiming of Social Security benefits; adjusting the summary plan description to incorporate retirement income concepts; disseminating information about elder abuse; and taming future inflation.
- Subjects
AMERICA; RETIREMENT income; RETIREMENT; ABUSE of older people; SOCIAL Security (United States)
- Publication
Journal of Financial Service Professionals, 2020, Vol 74, Issue 3, p6
- ISSN
1537-1816
- Publication type
Article