Abstract
In this Practical Applications report, Meir Statman—Glenn Klimek Professor of Finance at Santa Clara University’s Leavey School of Business—addresses some of the realities of retirement savings across income groups. Statman proposes a mandatory defined-contribution (DC) plan to ensure adequate retirement savings among the middle and direct financial assistance to the poor. The source article appeared in The Journal of Retirement’s Winter 2014 issue.
“It is time to switch from a nudge to shove and replace voluntary DC plans with mandatory DC plans,” Statman urges. Read this report to find out why he believes we should distinguish four income groups: The wealthy, the steady-middle, the precarious-middle and the poor.
- The content is made available for your general information and use and is not intended for trading or other specific investment advice purposes or to address your particular requirements. We do not represent or endorse the accuracy or reliability of any advice, opinion, statement, or other information provided any user of this publication. Reliance upon any opinion, advice, statement, or other information shall also be at your own risk. Independent advice should be obtained before making any such decision. Any arrangements made between you and any third party named in this publication are at your sole risk.
Don’t have access? Register today to begin unrestricted access to our database of research.
Log in using your username and password
In this issue
Jump to section
Similar Articles
Cited By...
- No citing articles found.