Meet the Economist Who Says We Can Fix the Retirement System
No images? Click here By Brian Hershberg | June 19, 2022 Economist Alicia Munnell, who heads Boston College’s Center for Retirement Research, believes the retirement system can be fixed by shoring up Social Security with tax hikes; by making workplace retirement savings plans available to all workers and auto-enrolling them; and by working longer to maximize Social Security benefits. During a recent conversation with Barron's Retirement reporter Neal Templin, Ms. Munnell talked about those topics and more:
Please read on for more from our Q&A with Ms. Munnell: America's Retirement System Is Broken. This Economist Is Trying to Fix It. Retirees Should Gird for a Long Run of High Inflation. Here's How.Cash-back and rewards credit cards can be a good way to mitigate the impact of rising prices. Plus, consider online banking and pursuing perspective about the durability of your savings. Taking RMDs During a Downturn Hurts. Here's How to Manage the Pain.Advisors say there are strategies seniors can use to minimize losses when taking required minimum distributions or manage distributions to allow a chance for markets to rebound. Covid Has Stolen Time From Retirees. Here Are Some Tips for Making It Up.Money can't buy back lost time, but time-management experts and financial advisors say there are ways for seniors to make the most out of their remaining healthy years. Here's how. Social Security's Annual Inflation Bump Seen Hitting 8.6%, the Most in Over 40 YearsEven with a cost of living adjustment, or COLA, that high, seniors likely will lose spending power as prices of goods and services outstrip the raise. It's Complicated to Retire Abroad. Here Are 4 Considerations Before Diving In.Expat retirement is drawing increasing interest, but it's not as simple as picking a place and moving in. From healthcare to taxes, seniors looking to move overseas should figure on a year or so of preparation work.
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