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It’s a good problem to have: too much money saved for retirement and additional funds to leave to your heirs. Will you be one of the many who never spend it all? https://t.co/xJJ1iSkWm0 ...

U.S. Retirement System Challenges - U.S Social Security is facing insolvency by 2033, potentially leading to a 20% benefit cut if the trust fund runs short [1] - The U S retirement system received a C+ rating from the Mercer CFA Institute Global Pension Index in 2024, indicating a solid system with significant risks [1][2] - 401(k) system may not be effective as funds are often withdrawn before retirement for various needs [3] - By 2050, the world could face a $400 trillion shortfall in retirement savings, with the U S being a major contributor to this problem [29] - In 2019, the estimated loss of savings due to 401(k) cash outs ranged from $60 billion to $105 billion [19] Global Comparison and Solutions - Countries are raising retirement ages and requiring mandatory contributions to address issues like longer lifespans and fewer workers paying into the system [4] - A grade retirement systems often feature a net replacement rate of at least 65% for median income earners, private pension coverage of at least 80% of the working-age population, and pension contributions of at least 12% of wages [5][6] - The Netherlands, with its mandatory contributions, serves as a model, transitioning from defined benefit to defined contribution plans [7][9][10] - Australia's mandatory defined contribution plan, covering everyone, is highlighted as a successful approach [11] U.S. Strengths and Weaknesses - U S retirement plan assets are 250% (two and a half times) the median of OECD countries, indicating high savings rates [14] - Despite high savings, the median retirement savings for baby boomers is zero, highlighting inequality [15] - While 70% of U S workers had access to a retirement plan as of March 2023, only 53% participated, indicating a coverage issue [17] - The U S system's voluntary nature and allowance of pre-retirement withdrawals are criticized, but the high savings rates and retirement incomes suggest some success [10][13][34]

Not Understanding the Retirement Savings Rules Might Mean You're Leaving Cash on the Table, Says a Financial Advisor. https://t.co/afhyKwKa6O ...

Retirement Savings - Young workers' savings have more time to grow, highlighting the importance of early retirement planning [1] - The report emphasizes maximizing time to start saving for retirement, suggesting strategies for young workers [1]

Retirement Savings - A significant percentage of employees opt to withdraw their entire 401(k) balance upon leaving a job instead of rolling it over [1] - Vanguard's research highlights this trend of employees cashing out their 401(k) accounts [1]

Regulatory Changes - President Trump signed an executive order to ease access to alternative assets like private equity, real estate, and cryptocurrency in 401(k)s [1] Investment Implications - The move potentially impacts retirement savings by allowing investment in alternative assets [1]

A recent study found that older investors, rather than younger ones, are more inclined to increase their equity allocation to reach retirement savings goals. https://t.co/AusQtVeVQH ...

Private Equity & Retirement Savings - Private equity firms are increasingly targeting retirement savings as a source of capital [1] - The private equity industry manages $29 trillion in assets [1] Potential Concerns - The article title suggests a potentially negative view of private equity's involvement in retirement savings, hinting at a "grab" [1]