Quick Search

Keyword
Title
Author
Seller Id
Advanced Search
 
 

Find us on:

 
Gift Certificate

 
 
Business & Economics:Management
       Tell a Friend
Add to Shopping Cart
Coming Up Short: The Challenge of 401(k) Plans, Munnell, Alicia H.; Sundén, Annika
Stock Image
Author Name:    Munnell, Alicia H.; Sundén, Annika

Title:   Coming Up Short: The Challenge of 401(k) Plans

Binding:   PAPERBACK

Book Condition:   New

Publisher:    Brookings Institution Press 

ISBN Number:   0815758979 / 9780815758976

Seller ID:   ING9780815758976

0815758979 Special order direct from the distributor

More Description

As the baby boom begins to withdraw from the labor force, ensuring a secure retirement income becomes an increasingly important issue, the number of people over age 65 is expected to double by 2030. That trend will continue, accompanied by worries about stock market volatility, corporate malfeasance, a rapidly changing economy, and the viability of Social Security. In Coming Up Short, two experts on retirement policy analyze 401(k) plans, the fastest-growing type of employer-sponsored pensions and a vital source of retirement income for the American middle class. Alicia Munnell and Annika Sunden chronicle the development of 401(k) plans, now the dominant form of private pensions. In accessible language, they explain how such plans work and discuss their popularity. For employees, these plans are appealing becuase they have more control over their own retirement funds, and the plans are portable. For employers, the plans are generally less costly than defined benefit plans. Despite those advantages, there are some significant downsides to 401(k) plans. These plans shift all the risk and responsibility to employees, who must decide whether to join, how much to contribute, how to invest, whether to " cash out" when changing jobs, and how to manage their nest egg in retirement. These are difficult decisions, and while in theory 401(k)s could be an effective savings vehicle for retirement, in practice many people make mistakes at every step along the way. Coming Up Short discusses why these mistakes are made and proposes various reforms to ensure that the aging population will have adequate retirement income. Comprehensive and up-to-date, Coming Up Short is an essential resource on401(k) plans for financial service professionals, policymakers, academics, and individuals planning for their own retirement.



Price = 46.16 CDN
Add to Shopping Cart

cookie