The interaction of public retirement income programs in the United States

Article Abstract:

The retiring process of the low-income people (especially its timing) and the potential supports that enable their retirement is described. A theory suggesting the combined influence of the two public retirement program (Social Security and SSI) encouraging early Old-Age Insurance (OAI) claims and Supplemental Security Income (SSI) participation is presented.

Retirement Benefits

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Social security and individual accounts as elements of overall risk-sharing

Article Abstract:

The need to revamp the social security system in the United States to incorporate some kinds of individual accounts is highlighted. Individual accounts encourage individuals to participate in the opportunities offered by corporate equities and other investments and help them take advantage of such risky investments in planning for their retirement.

Investments, Personal income

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Comparing the risks of social security with and without individual accounts

Article Abstract:

The merits of converting the unfunded define benefits; social security system into a two-tier program with both defined benefit and funded individual account statements are discussed. Analysis shows that the two-tire program makes sense on pure risk-return efficiency grounds.

Commercial Banking, Savings Institutions, Savings Account Services, Asset & Risk Management, Risk management, Savings accounts

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