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Falling Short: The Coming Retirement Challenge and What to Do About It!
March 24, 2021 @ 10:00 am - 11:30 am$100
Online via Zoom • 10:00 a.m. – 11:30 a.m.
Presenter: Andrew Eschtruth
The United States faces a serious retirement challenge. Many workers will lack the resources to retire at traditional ages and maintain their standard of living in retirement. The shortfall is caused by increasing income needs – due to longer lifespans and rising health costs – and decreasing support from Social Security and employer-sponsored pension plans.
The solutions are to work longer and save more. To work longer, individuals could plan to stay in the labor force until their late 60s if possible. To save more, policymakers could shore up Social Security’s long-term finances; make all 401(k) plans fully automatic; and ensure that everyone has easy access to a retirement savings plan. Individuals could also consider tapping their house for income in retirement.
Part of the BC Beyond Lifelong Learning Coffee and Conversation Series
|Spring 2021 Series
All lectures will be offered on Wednesdays from 10:00 to 11:30 a.m. ET.
This series has a maximum capacity to allow for participant engagement and to ensure the best possible experience.
Register early to avoid disappointment!
Online participants will need a computer with video, microphone, and speakers. Participants must create a Zoom account in advance according to Boston College security requirements; more information will be provided upon registration.