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The U.S. Retirement System On The Global Stage

Phil’s Tax Hacks · January 11, 2024

 

Today’s Hack

In today’s episode, we’ll be looking at the eye-opening findings of the 2023 Mercer CFA Institute Global Pension Index, which has ranked the Netherlands as the world’s leader in retirement systems. Where does the U.S. stand? 22nd among the 47 countries that were ranked. Why so low?

Join us as we analyze some of the intricacies of the U.S. retirement system, breaking down its strengths and weaknesses through the discerning lens of a seasoned financial advisor. We’ll discuss the role of personal responsibility in U.S. financial planning, potential areas of improvement for the system, what this ranking means, and more.

Here’s some of what we discuss in this episode:

  • 1:55 – The grading system + The U.S.’ score
  • 5:15 – Personal responsibility in the U.S. retirement system
  • 16:12 – Suggestions for improvement
  • 19:29 – Reducing retirement leakage + improving income stream
  • 21:58 – Takeaways

If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.

 

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