Personal Retirement Accounts
- Topics:
- Stock Options
- Tags:
- Account,
- Finance,
- Government,
- Operational Accounting,
- Pension Research Council,
- Retirement Account,
- Social Security
- Source:
- Pension Research Council
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Overview: "Personal retirement accounts are attractive in the context of Social Security reform for several reasons. One is that such accounts would give workers ownership and a degree of responsibility over their own retirement saving. Another is that personal accounts would afford participants an opportunity to pass wealth to survivors in the event of premature death. Personal retirement accounts would also benefit divorced persons who receive Social Security spousal benefits unless they remain married ten years. Still another factor favoring personal accounts is that workers could chose how to allocate their retirement saving and diversify their investments over a range of capital market assets."
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Format: PDF | Size: 25KB | Date: Mar 2002 | Pages: 10
