According to an
Robert Powell, editor of Retirement Weekly, writes in a column for MarketWatch that the Mercer Melbourne researchers offered five ways that the U.S. system could rise beyond its 10th-place rating on the index:
1. Raise the minimum pension for low-income beneficiaries.
2. Adjust the level of mandatory contributions.
3. Improve
4. Reduce plan leakage pre-retirement leakage by further
5. Introduce a requirement that part of the retirement benefit must be taken as an
These certainly aren’t groundbreaking ideas, and the researchers’ advice basically boils down to: Make people save more over a longer period of time and make sure they don’t go on a spending blitz during the accumulation phase or the distribution phase.
All well and good, researchers. But to my eye, employers have tried those things
Personally, I’m ready to throw my hands up at the entire problem. What do you think? What would be your recommendations for rescuing retirement in the U.S.? Share your thoughts in the comments.