Word: thinks
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
Right now most people contribute much less than 14% or nothing at all. How would you get contribution rates up? Do you think we need to mandate retirement savings? I don't think we have to have a mandate. Given the right set of education and incentives, we can get contribution rates...
...think a plan like this could be created? In higher education, a plan like this already exists, and TIAA-CREF offers it. Our 3½ million participants have on average 50% more in their retirement-savings accounts than in the average 401(k). So unlike the 401(k), our plan works...
...think there will be some kind of changes made to our 401(k)-centric retirement-savings system? I think there probably will be changes. We have an aging population, so retirement security is a hot issue for a larger portion of the population. Second, the recession highlighted the problems with the current system. Lastly, we have a President that recognizes this is an important issue...
What about our financial system in general? You belong to group of executives who have proposed changes to financial regulation. One of the ideas being considered is to create a national financial regulator who is solely focused on consumer protection. Do you think that is a good idea? I think we do need to do something. It will be a challenge to figure out how a national regulator would intersect with state regulators on consumer issues, but I think it can be done...
...Another reason to think higher stock prices aren't necessarily in the offing: history. Since the market hit a low in March, it has fairly consistently marched higher, occasionally falling back, but rarely by more than a few percentage points at a time. The last time the market has had such a run without a correction of 10% or more was 1933, says Bartels. Momentum, pleasant though it may be, tends not to last for such long stretches...