On the recordJuly 25, 2011
I am delighted to be able to introduce Matt Olsen.
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congress.govI am delighted to be able to introduce Matt Olsen.
Kent Conrad expresses his pleasure in introducing Matt Olsen.
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Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.
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.
We all know that Social Security is going to have to be dealt with, or we are going to face by 2034 at the latest--many of us believe it will be earlier than that---an across-the-board 23-percent cut.