But, Senator Conrad, if we look at--if your choice is, you know, here is this high-yield fund, it has got more risk...

Thank you, Chairman Cotton, and thank you for being such a great partner in putting together this hearing on such a critical and important topic.

Millions of Americans are financially unprepared for their retirement.

I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.

I would say personally I would not go to a company advising me on wealth management that did not have it because I think whoever is advising me ought to have as their highest responsibility to be giving me advice that is in my interest.

Fully 64 percent of the American people said they were worried about not having enough money for retirement.

We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.

I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.

If you had to reduce it to a word, I would reduce it to 'globalization.'

We owe it to these men and women to strengthen our retirement system.

Things are changing very rapidly, and it presents us with a requirement to change how we envision retirement as well.

I would just say our Retirement Security Plans and our Retirement Security Clearinghouses are responding to the underlying dynamic that Professor Mead has done such a good job in describing.

What is going to happen to all the truck drivers of America when we have self-driving vehicles?

We tried to include some of these ideas in our Social Security reform package, to actually provide incentives in the system for people to continue to work.

I would just say in this whole area of lifetime income options, there is a tremendous opportunity here.

We ought to reestablish this benefit for survivors and those affected by disability.

the new improvised system was not adequate.

I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.