Description: The United States faces a serious retirement challenge. Many of today's workers will lack the resources to retire at traditional ages and maintain their pre-retirement standard of living. Falling Short explains how to meet the challenge, through both individual and collective actions to work longer and save more.
Review Quotes: "In the post-defined benefit era, future retirees must take an active role and exercise considerable self-control to ensure a comfortable retirement. Falling Short furnishes both the motivation and the know-how to help them succeed."
-- Financial Analysts Journal"Falling Short points the way to solving America's retirement challenge simply by optimizing our existing systems. Make Social Security solvent, make workplace savings plans fully automatic, lift savings rates and extend savings plans to all workers. What are we waiting for? Let's do it."Robert L. Reynolds, President and CEO of Putnam Investments"I loved this book! It is short, punchy, and highly readable. It provides a full analysis of the grim status of our nation's retirement savings plans and offers solutions that are realistic and long overdue. I recommend it to all those concerned about America's retirement problems, including their own."
John C. Bogle, Founder and Former Chairman and CEO of Vanguard Group"Illuminating the retirement challenge by combining Munnell and Eschtruth's keen sense of the academic research with the horse sense of famed investment advisor Ellis is a great idea. Read Falling Short; it's brimming with sound advice. Then pass it along to your brothers and sisters."
Alan S. Blinder, Professor of Economics at Princeton University and author of After the Music Stopped"Many baby boomers are woefully unprepared for retirement. This book proposes both useful actions that individuals can take and institutional changes to 401(k)s and Social Security. This gem of a book makes an important contribution to alleviate a pressing social problem."
Burton Malkiel, Professor Emeritus at Princeton University and author of A Random Walk Down Wall Street"America's retirement savings system has failed. Too many people are retiring with too little to live on. This excellent book nails the changes and incentives needed to restore an aging generation to fiscal health. Every voter and policymaker should read it."
Jane Bryant Quinn, author of Making the Most of Your Money NOW