Dennis Moore Quotes

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.

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.

Our nation's Social Security Trust Fund is depleting at an alarming rate, and failure to implement immediate reforms endangers the ability of Americans to plan for their retirement with the options and certainty they deserve.

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

IRAs are intended for retirement.

We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.

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

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

Voluntary personal savings accounts would enable future retirees to harness the power of the marketplace when saving for their retirements.

There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement.

Save your money. You're going to need twice as much money in your old age as you think.

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

This is my first term. I was told it was going to be an exciting term, and a lot of things would be done, and I cannot think about something more exciting than save Social Security.

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

There's a lot we can do to improve American's retirement security, but it's wrong to replace the guaranteed benefit that Americans have earned with a guaranteed benefit cut of forty percent or more.

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

To allow all U.S. workers to put part of their earnings into private investment accounts would definitely erode the Social Security system and cause uncertainty for new investors.

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.

The decision to incentivise savings for pension funds augurs well for infrastructure financing and retirement planning.

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.

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.

I'm just trying to diversify my portfolio and put myself in a position so when I do retire, the options are limitless.

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

I would advise someone who has just retired to be something in the broad range of 50/50 stocks and bonds.