The Role of Government in Life-Cycle Saving and Investing PoorSatisfactoryGoodVery GoodExcellent Be the first. (0 ratings) Log in to rate this article. Research Foundation Publications February 2008 | Vol. 2008 | No. 1 | 34 pages Source: CFA InstituteAlicia H. Munnell Read Abstract As employers are withdrawing from providing both defined-benefit retirement plans and postretirement health care benefits, benefits from Social Security are declining relative to retirees’ previous earnings. Such changes are not counterbalanced by individuals’ relatively modest accumulation of retirement savings. Therefore, government must assume new roles, such as improving the market for annuities and reverse mortgages. Regarding Social Security itself, which is the principal source of support for many retirees, its financing problems should be framed not in terms of budgetary needs but in terms of life-cycle savings needs. View more information Topics Behavioral Finance | Leadership, Management, and Communication Skills : Firm Management | Risk Management : Portfolio Risk Management Credits · About the CE Program 0.5 CE (including 0 SER) Record credits Credits recorded Members, log in to record your credits. Manage CE Credits People who viewed this page also viewed: Credit Suisse Global Wealth Databook This Databook displays the detailed dataset backing the "Credit Suisse Global Wealth Report," the comprehensive study of world ... More Credit Suisse Global Wealth Report The "Credit Suisse Global Wealth Report" is a comprehensive study of world wealth that analyzes the world’s entire 200 trillion ... More UCITS IV: The Path to Greater Efficiency This paper proposes strategies for capitalizing on the opportunities that may come from UCITS IV, which could potentially create economies ... More Loading ...