Richard Thaler Quotes

Though Congress continues to explore possible solutions to ensure social security solvency, everyone must take personal responsibility to prepare their own retirement savings accordingly.

'Returnless risk' is not how you prepare for a decent retirement.

Americans living longer than ever must save more than ever.

Many people will have nothing at the end of their working lives.

Countries get one chance in history of putting into place a savings retirement scheme on the scale of the Australian superannuation system.

People don't place their trust in government or company pension plans; they have to be self-reliant.

I have a fear of poverty in old age. I have this vision of myself living in a skip and eating cat food. It's because I'm freelance, and I've never had a proper job. I don't have a pension, and my savings are dwindling. I always thought someone would just come along and look after me.

Since Social Security faces a large gap between what it promises younger workers and what it can afford to pay them, private savings will likely need to play a larger role in retirement planning for younger workers.

To enjoy a long, comfortable retirement, save more today.

We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would work under every scenario.

Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings.

We want to develop innovative ways to promote savings so more Americans can save for their future, but first we need to reject privatization schemes and work together to strengthen Social Security.

Americans should be able to enjoy a secure retirement after a lifetime of hard work. But too many Americans reach retirement without enough savings to supplement their Social Security benefits.

What if we thought of health and security in retirement as one basket?

The next generation is going to have to understand that Social Security is just one leg of a stool. We need to actually bring back that savings incentive, and the only way you're going to be able to do that is if you have a job.

People just haven't saved enough for retirement. And they're going to outlive their money.

I must learn to adapt, or else I'll fall victim to the negative statistics surrounding retired athletes.

Many people focus on the 4 percent rule, which essentially says that as long as you withdraw no more than 4 percent from your retirement accounts each year, the money should last you 30 years.

I can't retire.

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.

A whole generation of Americans will retire in poverty instead of prosperity, because they simply are not preparing for retirement now.

Money isn't everything, but it is when you start thinking about putting money away for your retirement days.

Well, today people have to be self-reliant if they want a secure retirement income.

If younger people see older people who haven't planned ahead and have to rely on charity, the young will be more likely to provide for the future. Today when someone plans poorly, the only consequence people see is a demand for more government.

I look back on it, yeah, I'm in a much worse financial position than I was eight years ago. I'm going to have to go out at age 62 and kind of readdress some of that.