Retirement Accounts Quotes

Since Social Security faces a large gap between what it promises younger workers and what it can afford to pay them, private savings will likely need to play a larger role in retirement planning for younger workers.

We know what's in our Cheerios and in our retirement accounts because the law requires disclosure.

Think of your pension and start saving. Like my father, I have been a spendthrift, and I regret that.

Pension reforms, like investment advice and automatic enrollment, will strengthen the ability of Americans to save and invest for retirement.

Many people focus on the 4 percent rule, which essentially says that as long as you withdraw no more than 4 percent from your retirement accounts each year, the money should last you 30 years.

For all your long-term investments, such as retirement accounts that you won't touch for at least ten years, you need a mix of stocks and bonds. Stocks offer the best shot at inflation-beating gains. But stocks don't always go up. That's where bonds come into play: They have less upside potential, but they also do not pack the same risk.

You never cash out a 401(k) or IRA to pay off debt, unless it's to avoid a foreclosure or bankruptcy.

In a typical 401k plan, when you first become eligible you get a big pile of forms and you're told, fill out these forms if you want to join. Tell us how much amount you've saved and how you want to invest the money. In, under automatic enrollment you get that same pile of forms but the top page says, if you don't fill out these forms, we're going to enroll you anyway and we're going to enroll you at this saving rate and in these investments.

As you know President Bush has been traveling around the country trying to sell his new Social Security plan. He wants to take our retirement money and invest it in the stock market. He says nothing can go wrong. I'll mention that to Martha Stewart the next time I see her.

What we should be trying to do is to encourage people to establish private retirement accounts and help them take pressure off the Social Security system.

Money isn't everything, but it is when you start thinking about putting money away for your retirement days.

No one anticipates divorce when they're exchanging vows, and it can be devastating emotionally and financially. To ease the financial side of the blow, you need to maintain your financial identity in your relationship. That means having your own credit history - you need your own credit card - and your own savings and retirement accounts.

Employees did not only have their money in their 401k’s. They had their lives in those 401k’s ... today most people have most of their money in public stocks ... and the government regulates very little of this.

I think taxpayers should be outraged that retirees and administrators are walking away with thousands in accrued benefits and bonuses.

Whether you are just entering the workforce or nearing retirement age, planning for the future is critical.

401k savings accounts have become so important in the landscape of retirement planning that their security and expansion became a top priority in formulating and implementing the Pension Protection Act of 2006 that was enacted during my tenure as the U.S. Secretary of Labor.

A 401(k) is essentially a basket of mutual funds intended to help people save for retirement.

The typical fund company services 401k plan participants in the same way that Baby Face Nelson serviced banks.

With or without a Social Security fix, Americans don't have enough assets to retire on. There has to be a much larger debate.

Save your money. You're going to need twice as much money in your old age as you think.

I support voluntary personal retirement accounts for Social Security. It should be people's free choice.

People just haven't saved enough for retirement. And they're going to outlive their money.

Because of their low earnings and family obligations, Latinas would not be putting much money into private investment accounts. An average Latina could wind up losing thousands of dollars under this proposal.

IRAs are intended for retirement.

I love the Roth IRA. Tax-free income in retirement is a truly great deal.