Richard Thaler Quotes

Americans are not saving enough for retirement.

IRAs are intended for retirement.

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

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

Think of your pension and start saving. Like my father, I have been a spendthrift, and I regret that.

A well-designed 401(k) plan is an enormous competitive edge when recruiting and retaining employees.

Save your money. You're going to need twice as much money in your old age as you think.

Pension reforms, like investment advice and automatic enrollment, will strengthen the ability of Americans to save and invest for retirement.

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.

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

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

Whatever your income level is, save as much as you can - up to 20 percent, but more if you can - and invest it. Put that into an IRA; put that into a brokerage account.

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

I favor every worker having access to a retirement savings account, and there are various options for doing this. I do support states implementing their own plans, and I expect them to play an important role in increasing retirement savings for young professionals especially.

The truth is, if you are a woman saving 10% of your income for retirement, and you put it in the bank account, your chances of retiring well - living on 90% of your pre-retirement income for your full life - is 0%.

The typical fund company services 401k plan participants in the same way that Baby Face Nelson serviced banks.

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.

Today, over half of American workers have less than $10,000 in savings and have no idea how they will be able to retire with any shred of dignity.

Every American worker should be able to save for retirement via payroll deductions.

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.

Employees did not only have their money in their 401k’s. They had their lives in those 401k’s ... today most people have most of their money in public stocks ... and the government regulates very little of this.

… minimum wages must be high enough to enable all citizens to purchase privately the necessary pension and insurance plans which would protect the them against illness, disablement, temporary unemployment and old age.

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

My mom's now enjoying Medicare. She's already retired. She earned it. But for those of us, you know, the X-Generation on down, it won't be there for us on its current path.

A lot of people aren't saving enough. And incidentally, people are living longer now, and health care is improving. You might end up retired for 30 years - people are not really preparing for that.