Retirement Readiness and Behavioral Finance

Volume 13, Number 3,(2015
Burton G. Malkiel

More than 10,000 Baby Boomers will be reaching retirement age every year from now through 2030. Inadequate savings, high cost and poorly designed retirement plans as well as investor behavioral mistakes combine to level most of them woefully unprepared for retirement. The paper suggests a number of possible solutions to improve our country’s retirement readiness.