I believe the risk to Medicare and Social Security recipients is a failure to act in a timely way to deal with the long-term debt trajectory that virtually every expert that has come before this Committee says is unsustainable.
Conrad emphasizes the urgent need to address long-term debt to protect Medicare and Social Security.
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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.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.
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