Improving the Defined-Contribution System: The U.S. Can Learn from Other Countries' Approaches to Helping Retirees Convert Their Savings into Lifetime Income

摘要

As the baby boomer generation swells the ranks of retirees, more Americans will need to ensure predictable, steady income in retirement. In Improving the Defined-Contribution System, published in the Spring 2017 issue of The Journal of Retirement, Aron Szapiro of Morningstar compares the U.S. retirement system’s approach with defined-contribution plans to the retirement programs and regulations of six other countries.