Barry Ritholtz Quotes

Starting a new retirement plan for those below a certain age is something tens of millions of Americans have already been through at work.

If you're just starting out in the workforce, the very best thing you can do for yourself is to get started in your workplace retirement plan. Contribute enough to grab any matching dollars your employer is offering (a.k.a. the last free money on earth).

Workers are most likely to save for retirement if they have access to a workplace savings plan and are automatically enrolled in that plan.

When employees are first eligible for a retirement savings plan, they should be enrolled unless they choose to opt out.

A 401(k) is essentially a basket of mutual funds intended to help people save for retirement.

I like the idea of giving workers control and putting their money into their personal accounts.

Employer contribution pension plans have become increasingly popular throughout the past two decades.

Automate your savings so that you have money taken directly from each paycheck and deposited into a 401(k) or other workplace retirement account. If that's not an option, automatically have money transferred out of checking into savings each time you get paid.

The decision to incentivise savings for pension funds augurs well for infrastructure financing and retirement planning.

A company invites their employees to sign up for a plan where every time they get a raise, some part of that raise goes to increasing their contribution rate to the 401k plan. In the first company we convinced to adopt this plan, saving rates tripled.

As you know, in the 2000 campaign I articulated a point of view that we ought to have personal savings accounts for younger workers that would make sure those younger workers receive benefits equal to or greater than that which is expected, ... I still maintain the same position.

What we should be trying to do is to encourage people to establish private retirement accounts and help them take pressure off the Social Security system.

From the time I was 8 until now, I've been working. My Social Security is looking solid.

I love the Roth IRA. Tax-free income in retirement is a truly great deal.

Increased awareness and education could be a great help toward improving spending and saving habits and increasing participation and contribution levels to retirement plans.

For people who have for been putting their hard-earned money into the system for years, the president's idea would replace their safety net with a risky gamble with no assurance of a stable return of investment.

Voluntary personal savings accounts would enable future retirees to harness the power of the marketplace when saving for their retirements.

It's time to stop the raid on the Social Security trust fund and start allowing Americans to invest their Social Security taxes in personal savings accounts.

The retirement system that is in place for members of Congress and other federal workers features what is known as the Federal Employment Retirement Plan.

I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan.

Take free money. No matter how in debt you are, if your employer offers a matching contribution on a 401(k) or other retirement vehicle, you must sign up and contribute enough to get the maximum company match each year. Think of it as a bonus.

The rolling contract was designed to specifically take away some of that retirement talk and retirement issue.

Even people who feel perfectly comfortable investing in the stock market and owning their own homes often have qualms about individual medical accounts or Social Security private accounts.

Under Reagan came the idea of putting your pension plan in the stock market, which wasn't a guaranteed pension.

The best way to invest corporate profits is to give them to the employees.