1). Pensions are a thing of the past and Americans either can't or won't save enough for decent retirement.
2). Convert current Social Security system into true National Retirement system. Social Security does not pay enough to live on.
3). Double Social Security taxes on both individuals and employers.
4). Keep IRA and 401(k) accounts if individuals want to make additional contributions. Limit to 10% of wages & 4% company match.
5). Traditional pensions could still be offered.
6). Invest half the funds in government "bonds" as is currently done and invest the other half into globally-based "Lifestyle" funds that become more conservative as a birth year group approaches retirement age.
7). Use a program similar to federal Thrift Savings Program to minimize costs.
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
