From Here to Security: How Workplace Savings Can Keep America's Promise

by Robert L. Reynolds

Overview

The practical, nonpartisan guide to making our retirement savings systems work for America’s people, our economy, and the nation at large

At a time of fierce political divisiveness, From Here to Security is a refreshingly balanced, non-ideological guide to solving what may be our nation’s most pressing policy challenge: achieving retirement security for all.

A pioneer of the 401(k) system, Robert L. Reynolds eschews radical calls for throwing out the 401(k) entirely and creating a new government-run savings system. Our best course, he shows, is to build on what we have: a flexible, dynamic private-public system of Social Security and more robust workplace savings. From Here to Security provides a clear, powerful new approach to solving America’s retirement challenge – based on facts, data, and Reynolds’ decades of experience.

While fear-mongers claim that the U.S. retirement system is on the verge of collapse; Reynolds shows why our system is actually the envy of the world. But From Here to Security is no status quo book.

Reynolds lays out an action agenda to dramatically improve our retirement systems – public and private – lift our savings rate, improve people’s retirement prospects, spur faster growth – and reboot America’s national morale.

Product Details

ISBN-13:	9781260116083
Publisher:	McGraw Hill LLC
Publication date:	09/08/2017
Sold by:	Barnes & Noble
Format:	eBook
Pages:	272
File size:	5 MB

About the Author

Robert L. Reynolds is President and Chief Executive Officer of both Putnam Investments and Great-West Financial, which owns Empower Retirement, America's second largest provider of retirement services with over 8 million participants. He has been a driving force for innovation in retirement services and policy for decades and played a central role in the rise of the 401(k) industry during his years at Fidelity investments where he served as Vice Chairman and Chief Operating Officer. He has earned multiple industry honors over the years, including Fund Leader of the Year in 2010 for the strategic improvements he initiated at Putnam.

Table of Contents

Acknowledgments

Preface

Chapter 1: American's Retirement Savings Challenge

Chapter 2: Retirement's Bedrock: Social Security

Chapter 3: How Did We Get Here? The Rise of Defined Contribution Savings

Chapter 4: The Pension Protection Act of 2006: 401(k) Savings Becomes a System

Chapter 5: Workplace Savings 3.0: Finding the Keys to Retirement Readiness

Chapter 6: Next Generation Defined Contribution Plans: Workplace Savings 4.0, Market Innovation, and Policy Support

Chapter 7: America's Retirement System in a Global Context

Chapter 8: Workplace Savings, Capital Markets, and Economic Growth

Chapter 9: Signs of Things to Come

Chapter 10: Opportunity and Risk: Tax Reform 2017?

Afterword: The Path to American Renewal

Appendix A: Seven Easy Steps to Retirement Security (And Why It Matters)

Appendix B: How to Fix Social Security

Appendix C: "Dear 45" Letter for the U.S. Chamber of Commerce

Glossary

Bibliography

Full Bibliography

Index