Why America's Retirement System Sucks and How to Fix It
BetterWealth with Caleb Guilliams
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The Crisis in America's Retirement System
This chapter examines the troubling state of retirement in the U.S., comparing it to third-world systems and emphasizing the urgent need for reform. It discusses the failures of 401(k) plans and the negative impact of Wall Street practices on retirement savings, highlighting the reliance on social security for future retirees. The chapter advocates for alternative strategies like annuity-based solutions and draws parallels with more effective international models to promote financial security for Americans.
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