Ron Lewis Quotes

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.

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

Americans living longer than ever must save more than ever.

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.

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

For many people, being asked to solve their own retirement savings problems is like being asked to build their own cars.

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 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?

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

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.

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.

To enjoy a long, comfortable retirement, save more today.

I have to think about the possible ramifications of an early retirement.

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.

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.

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

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.

Many people will have nothing at the end of their working lives.

What if we thought of health and security in retirement as one basket?

I don't know how I'd be retired. I wake up every day with another idea.

With the duckets that I now have safe, I think I will retire at 66 years of age, praise God, in good health.

Everyone thinks about retirement at some point.

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

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.

I can't retire.