The Guaranteed Retirement Account
The Guaranteed Retirement Account is a new proposal devised by Teresa Ghilarducci and Hamilton James, two leading experts in the financial field. This account would serve to replace current retirement accounts as a “comprehensive plan to confront the retirement savings crisis.” This is a pension that would be personally managed and funded by the account holder with an automatic deposit of 3% out of each paycheck that would be matched by the employer. These accounts would then be invested together in to long term investments that would offer higher yields than traditional 401(k)s. For more information on this subject, visit this article by David Schepp with CBS News.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.