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Binding: HardcoverDewey Decimal Number: 331.2520973 EAN: 9780691114316 ISBN: 0691114315 Label: Princeton University Press Manufacturer: Princeton University Press Number Of Items: 1 Number Of Pages: 384 Publication Date: May 18, 2008 Publisher: Princeton University Press Studio: Princeton University Press Editorial Review: Product Description: A crisis is looming for baby boomers and anyone else who hopes to retire in the coming years. In When I'm Sixty-Four, Teresa Ghilarducci, the nation's leading authority on the economics of retirement, explains how to confront this crisis head-on, revealing the causes behind the increasingly precarious economics of old age in America and proposing a bold plan to guarantee retirement security for every working citizen. Retirement is one of the hallmarks of a prosperous, civilized market economy. Yet in America today Social Security is on the ropes. Government and employers are dismantling pension security, forcing older people to work longer. The federal government spends billions in exemptions for 401(k)s and other voluntary retirement accounts, yet retirement savings for most workers is falling. Ghilarducci takes an unflinching look at the eroding economic structure of retirement in America--and what she finds is alarming. She exposes the failures of pension regulators and the false hopes of privatized Social Security. She tells the ugly truth about risky 401(k) plans, do-it-yourself retirement schemes, and companies like Enron that have left employees without any retirement savings. Ghilarducci puts forward a sweeping plan to revive the retirement-income system, a plan that will ensure that, after forty years of work, every American will receive 70 percent of their preretirement earnings, guaranteed for life. No other book makes such a persuasive case for overhauling the pension and Social Security system in order to provide older Americans with the financial stability they have earned and deserve. Average Rating:
 Rating:  - When I'm Sixty FourAn excellent review of various types of retirement pensions (DB abd DC) including explanations of social security. Rating:  - Worst SellerI had the displeasure of attempting to do business with this seller, SH. I have purchased many books from many sellers and SH is absolutely the worst I have ever seen. They never even shipped the book despite numerous emails to SH as to status of delivery information. I also had to go through much effort to cancel transaction. I see that another seller left feedback that their book was also never shipped. I would never atempt to do business with SH again. I also question Amazon having such ... Read More Rating:  - Interesting proposal to fix our retirement systemA little background on myself before I start the review: I have read over 200 books on investing, so I count myself lucky if I learn 1 new thing for each new book I read. I'm an engineer, so in my opinion, my pay falls in the middle-class segment of the US. I have been a big fan of index fund investing since 1990. Near the beginning of this book, the author argues the typical 70-80% replacement ratio of income at retirement is too low......she argues it should be 100% for the average ... Read More Rating: - Understand the Social Security mess...and how to solve it!Ghilarducci's book is great because it covers so much ground and makes a complex subject uderstandable. One of the points of the book is that it describes how rotten 401(k) plans are and how much taxpayers are spending on them. The end result is that the very highest income people get huge tax breaks and half of the workforce gets nothing. It also has a good history about how we got in this mess and why baby boomers are going to do worse than their parents and grandparents in maintaining a decent standard ... Read More Rating: - Seems a worthy contribution to the debate about pensionsI have not read the book yet but based on an interview of author by Terri Gross on Fresh Air today, I intend to buy the book. I am knowledgeable in this field and this book (based on the interview) seems a worthy contribution to the debate about pension plans and the looming retirement income crisis for the many baby boomers who only have 401(k) or 403(b) plans from which to supplement their retirement income from other sources such as Social Security, IRA's, net equity in real estate (if any left), and other ... Read More |
