William Greider Quotes

Americans living longer than ever must save more than ever.

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

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

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.

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

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

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

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.

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.

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.

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

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

I am very concerned about the millions of baby boomers who are counting on the stock market to deliver them a safe, sound, long retirement. I am afraid the baby boomers who are counting on the stock market are in trouble.

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

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.

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.

If you put nothing away for retirement, I can tell you, to the last penny, how much you will have when you retire: nothing.

But while the state pension is a critical foundation for people's financial security as they age, it must be supplemented with other forms of retirement income.

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.

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.

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.

Because of their low earnings and family obligations, Latinas would not be putting much money into private investment accounts. An average Latina could wind up losing thousands of dollars under this proposal.

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