Sander Levin Quotes

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.

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.

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

If a woman did not work and have the opportunity to save and invest on her own throughout her lifetime, she is often totally reliant on her family and Social Security for her retirement years.

Knowing where you stand in your quest to accumulate enough money for retirement is an incredibly important part of the planning process.

In other words, Social Security is every bit as insecure as the stock market.

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.

Social Security is the only thing most Americans can count on to keep them out of poverty during retirement.

Our seniors' retirement should never rely on the bull of political promises or the bear of the market.

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

With or without a Social Security fix, Americans don't have enough assets to retire on. There has to be a much larger debate.

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?

But with a rate of return of 1.6 percent or less, or a negative rate of return, our children and our grandchildren, if we do not make changes, will in fact not have a secure retirement. Indeed, they will not have the funds when they go to retire to even minimally get by.

Social Security is the very foundation of retirement security for millions of Americans.

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.

Privatizing Social Security will take dollars out of young folks' pockets.

Imagine where we would be if Congress had accepted George W. Bush’s privatization plan. The part of Social Security siphoned off to private accounts would have suffered the market’s losses, and recipients would have been forced to live off of basic benefits substantially lower than Social Security presently is.

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

We need to make sure people continue to have access to retirement plans because everyone deserves the opportunity to retire with dignity and financial independence.

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.

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.

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.

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

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

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.