William J. Bernstein Quotes

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.

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

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.

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

I support voluntary personal retirement accounts for Social Security. It should be people's free choice.

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

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.

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.

401k savings accounts have become so important in the landscape of retirement planning that their security and expansion became a top priority in formulating and implementing the Pension Protection Act of 2006 that was enacted during my tenure as the U.S. Secretary of Labor.

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

As you know President Bush has been traveling around the country trying to sell his new Social Security plan. He wants to take our retirement money and invest it in the stock market. He says nothing can go wrong. I'll mention that to Martha Stewart the next time I see her.

All my friends were retiring, and it got to the point where I was like, 'Hey, how come I'm not retiring?'

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

It's hard to have any idea of how much money is enough to finance an appropriate lifestyle in retirement. But if a lump sum is translated into a monthly income, it's much easier to determine whether you have enough put away to afford to stop working.

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

If I was counselling an individual, and my purpose was to help that individual, the most important thing would be that you should save more. Because don't expect that your retirement will follow those trajectories that some advisers are telling you.

I'm not sure that too many Americans would choose the president to manage their retirement accounts.

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.'

If employed by employee stock ownership plan companies, working Americans can spend less time worrying about job security and retirement savings and enjoy a clearer path to prosperity.

A comfortable retirement should not only be a luxury for the wealthy, but a reality for every New Yorker.

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

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.

Saving enough to retire has become impossible for most Americans.

I'm going to retire as an Eagle.