When I'm Sixty-Four: The Plot against Pensions and the Plan to Save Them
by Teresa Ghilarducci
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Book Summary Information
Author: Teresa GhilarducciEdition: Hardcover
Published: 2008-04-28
ISBN: 0691114315
Number of pages: 384
Publisher: Princeton University Press
Book Reviews of When I'm Sixty-Four: The Plot against Pensions and the Plan to Save Them
Book Review: Understand the Social Security mess...and how to solve it!
Summary: 5 Stars
Ghilarducci's book is great because it covers so much ground and makes a complex subject uderstandable. One of the points of the book is that it describes how rotten 401(k) plans are and how much taxpayers are spending on them. The end result is that the very highest income people get huge tax breaks and half of the workforce gets nothing. It also has a good history about how we got in this mess and why baby boomers are going to do worse than their parents and grandparents in maintaining a decent standard of living in retirement. It was also fun to read; there are short sections called "data to digest" so you don't get bogged down in numbers and stories about companies and their pension systems. A must read to understand the big debate on Social Security and how we can save the system for our own retirement.
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