"Retirement planning is a central concern for workers at all points along the extended age continuum. Not only is it a concern for workers on the cusp of entering the payout or distribution phase of the retirement life cycle, but it is also an issue of analysis and deliberation for midcareer workers and recently "minted" graduates of our educational systems who are new entrants to the workforce. The rationale for why there is universal concern with retirement planning issues across all strata of the demographic continuum is many and varied. As indicated in the previous edition of Retirement Plans, the private retirement system in the United States has undergone dramatic structural transformation. The shift of the nation's private retirement program from a system that was primarily defined benefit (DB) based to one whose emphasis is now substantially defined contribution (DC) based has meant an important altering both of asset management responsibilities and of who retains risks for funding deficiencies when investments fail to deliver anticipated returns. Likewise, the allowance for plan participants to self-direct investments within their employer retirement plans has meant that nonprofessional investors are now bridled with responsibility for determining their financial destinies amidst the fluctuating uncertainties of volatile and uncertain capital markets"--
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
Jerry S. Rosenbloom (Philadelphia, PA) is a professor and department chairman at the Wharton School of the University of Pennsylvania.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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Hardcover. Etat : new. Hardcover. Retirement planning is a critical concern for individuals across all stages of their careers, from recent graduates entering the workforce to midcareer professionals and those nearing retirement. The shift in the U.S. private retirement system from define Shipping may be from multiple locations in the US or from the UK, depending on stock availability. N° de réf. du vendeur 9781260013849
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Hardcover. Etat : new. Hardcover. Retirement planning is a critical concern for individuals across all stages of their careers, from recent graduates entering the workforce to midcareer professionals and those nearing retirement. The shift in the U.S. private retirement system from defined benefit (DB) plans to defined contribution (DC) plans has placed greater responsibility on individuals to manage their retirement assets amidst volatile capital markets. This transition has introduced challenges, particularly for nonprofessional investors, who must navigate complex financial decisions to secure their futures. The evolving retirement landscape raises pressing questions about the adequacy of DC plans, the risks of premature asset withdrawals, and the ability of workers to save and invest effectively over their lifetimes.To address these challenges, retirement planning has embraced behavioral finance principles, recognizing that individuals often rely on heuristics and may struggle with rational decision-making. Modern retirement plans are designed to account for these tendencies, incorporating features like default investment options to improve long-term outcomes. Efforts to enhance financial literacy and provide investment education are also gaining traction, empowering participants to make informed decisions during both the accumulation and payout phases of their retirement journey. Additionally, governmental policies and regulations, such as ERISA and the SECURE Acts, continue to shape the retirement planning framework, offering protections and fostering adaptability in response to economic uncertainties.This edition of Retirement Plans expands on previous editions by emphasizing the shared responsibilities between plan sponsors and participants in managing retirement wealth. It provides a comprehensive overview of various retirement savings structures, including 401(k) plans, IRAs, and hybrid plans, while integrating updated legislative and regulatory developments. The text also explores topics like fiduciary oversight, cybersecurity, and wealth management strategies, offering a holistic approach to retirement planning. By advancing knowledge and best practices, the book aims to empower individuals and professionals alike to navigate the complexities of retirement planning and achieve financial security. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. N° de réf. du vendeur 9781260013849
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Hardcover. Etat : new. Hardcover. Retirement planning is a critical concern for individuals across all stages of their careers, from recent graduates entering the workforce to midcareer professionals and those nearing retirement. The shift in the U.S. private retirement system from define Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. N° de réf. du vendeur 9781260013849
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