Pros and Cons of the US Retirement System

What is the primary goal of the Secure 2.0 legislation?

• To provide free financial advice

• To increase the retirement age

• To expand access to employer-sponsored retirement plans

• To reduce taxes for retirees

Which feature of Secure 2.0 encourages good saving behavior?

• Tax-free withdrawals

• Higher interest rates on savings

• Auto-enrollment and auto-escalation

• Mandatory retirement age

What is one suggested improvement to Secure 2.0?

• Expanding it to all retirement plans

• Increasing the retirement age

• Reducing employer contributions

• Eliminating auto-enrollment

Why is reducing friction in accessing retirement assets important?

• To encourage early retirement

• To prevent erosion of retirement savings

• To increase employer profits

• To simplify tax calculations

What is a major factor contributing to financial anxiety despite a strong economy?

• High prices limiting savings ability

• Lack of job opportunities

• Decreasing stock market values

• Increasing interest rates