JV
Jack VanDerhei
12quotes
Full Name and Common Aliases
Jack VanDerhei is a renowned American economist and expert on retirement savings and policy.
Birth and Death Dates
Born in 1950, Jack VanDerhei's exact birthdate is not publicly available. There is no record of his passing.
Nationality and Profession(s)
VanDerhei is an American national with expertise in economics, specifically focusing on retirement planning, pension fund management, and public policy.
Early Life and Background
Growing up, VanDerhei was likely exposed to the importance of financial literacy through family discussions or early work experiences. His academic background, which led him to pursue a career in economics, would have provided a solid foundation for understanding complex financial systems and policies.
Major Accomplishments
One of VanDerhei's notable contributions is his extensive research on retirement savings. He has been instrumental in shaping policies that affect the financial stability of millions of Americans. His work focuses on improving pension fund management, advocating for better retirement savings options, and promoting more efficient use of resources within the pension system.
Notable Works or Actions
Jack VanDerhei's work has led to significant changes in public policy, with a particular focus on retirement savings. He has been a prominent voice in discussions about how to make retirement planning more accessible and affordable for Americans. His research has also explored ways to optimize pension fund management, reducing costs while maintaining the financial security of retirees.
Impact and Legacy
VanDerhei's contributions have had a lasting impact on the field of economics, particularly in areas related to retirement savings and policy. His work continues to influence public discourse, shaping future policies that affect millions of Americans. As a respected voice in his field, he remains an important figure, providing insights that inform decision-makers and help create more sustainable financial systems.
Why They Are Widely Quoted or Remembered
Jack VanDerhei is widely quoted due to his extensive experience and expertise in retirement savings and policy. His work has been instrumental in shaping the landscape of pension fund management and retirement planning. His ability to break down complex economic concepts into understandable language makes him a valuable resource for media outlets, policymakers, and everyday Americans seeking guidance on financial matters.
Quotes by Jack VanDerhei
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The major problem you're going to have is that you're not going to have anything current enough to do anything about. You really are in a no-win situation.
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It's clear that people currently working should factor into their retirement planning the long-term trend away from traditional defined benefit pensions. That means people need to be saving more than they are.
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It's going to be a good 10 to 15 years into the Baby Boom generation of retirement that it's finally going to hit people that this is no longer a sure thing and they'll have to start planning. Hopefully they'll figure that out when there's still time to do something.
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A lot of today's workers look at today's retirees and say, 'They seem to be in good shape, and I'm making more than Mom and Dad were making, so I should be in good shape, too,'? What they're totally failing to realize is that the generation of people retired today by and large had benefit plans and retiree health plans that are being increasingly cut back today.
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People typically take a cue from their parents' generation ? which had pension plans and retiree health programs. And they know they're making more money than their parents did.
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The system is set up ... not to help the consumers. It's there to help the regulators.
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The trend from defined-benefit to defined-contribution plans has not come because employees have wanted to take on that risk. It's because employers have wanted to get rid of that risk.
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We find there are a lot of people who need to be saving more than they are, if they hope to be able to afford a comfortable retirement.
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Those people frozen into inactivity ... they just need someone to get them started. If you haven't started and won't start because you don't have the financial acumen to do so, pay somebody a couple of hundred bucks to get you on track.
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