Week 4 Discussion Post

Please answer the following:

Explain one thing that you learned from your readings regarding retirement systems. Do you think 401k (Defined Contribution Plans) are an adequate retirement savings method? Why or why not?
Do people save for retirement under the 401k system? We know defined benefit plans are better but how do we improve saving for retirement????
Would older adults fare better with privatized social security (401K plan)? Can they increase their balances and therefore their overall income in retirement?
In your opinion….. is working longer a fact that pre-retirement adults need to face? Why or Why not?
What benefits may arise from working longer and retiring later?
How do we save social security????? Any thoughts?

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