Richard Coles Quotes

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.

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

We need to build on the success of Social Security by developing bold and innovative ways for Americans to build wealth and save for retirement. I believe we can work together in a bipartisan manner to accomplish these goals.

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.

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.

A secure retirement is one of the pillars of middle class life. For all too many Americans, however, that pillar needs more support.

You're starting to see a lot of fighters, like, 'We want more money so we can be able to retire eventually,' instead of, we get to 30 years old, and we're like, 'Alright, I think Costco has openings.'

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

I can't retire.

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

You can imagine, if somebody's approaching retirement, and all of a sudden the funds that he or she is depending on is depleted by 50% or however many, it gives them a sinking feeling in the pit of their stomach.

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.

I figure the faster I pedal, the faster I can retire.

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.

Personal savings accounts to me are one of the most powerful things, not necessarily in saving, solvency, or bankruptcy of the program, but in guaranteeing, the words I used a few minutes ago, a safe and secure retirement for our seniors.

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.

I'm not really good at retiring. I tried that one time and Nancy ran me out of the house.

The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt.

Social Security is an insurance policy. It's a terrible investment vehicle. Social Security has some great benefits. But it was never meant to be a savings plan. So we need to have a national debate. Should this 12.5 percent that we're contributing all go into a Social Security pool, or should half go into a mandatory savings plan?

I didn't make enough money in my sport to retire.

God knows when I'm going to retire. I think I'm going to be bored.

President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.

By the time I am Howard's age I hope to be long retired. I don't plan on working that long.