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How To Meet The Challenges Of The Retirement System

May 23, 2019

Our current retirement system was established decades ago when pensions were prevalent, life expectancy was lower and fewer people utilized Medicare and Social Security.

The results of a study conducted by the global research firm, Morning Consult in collaboration with the Certified Financial Planner (CFP) Board of Standards, showed only 25% of Americans feel prepared for retirement. One in four people believe saving for retirement is too complicated and 30% of employees don’t know whether or not their employer offers a retirement plan.

In an effort to try to improve the retirement system, the CFP Board along with Fred Reish, an internationally known expert in retirement issues and a partner with Drinker, Biddle, will head a committee tasked with drafting recommendations for policy makers on how to improve the system.

According to a press release issued May 8th, a “blue-ribbon panel of CFP® professionals” will be put together “offering real life experiences” to help shape the recommendations. We are pleased to announce that Jill Hollander has been asked to participate on this panel.

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