Image credit: © Jarek2313 | Dreamstime.com A new report out today calls for reforms to the current U.S. retirement system by proposing a more modern framework to support the needs of today’s retirees, incorporating the best elements from both defined contribution and defined benefit plans. “Many countries are grappling with the conundrum of how to fund this expanded retirement period with a declining worker-to-retiree ratio.” Surya Kolluri, Head of TIAA Institute The report by TIAA Institute says best way to create a sustainable and secure retirement that addresses the challenges of longer lifespans and divergent working patterns is to […]
Full Post at 401kspecialistmag.com