In this episode I discuss pivotal aspects of social security and retirement planning with acclaimed expert Arun Muralidhar and former Maryland lieutenant governor Kathleen Townsend. Bringing an unparalleled wealth of knowledge and first-hand experience, Arun Muralidhar has an impressive background as a prominent figure in pension fund management, having steered the World Bank’s pension fund in the mid-90s. As a vocal advocate for retirement reform, Muralidhar brings critical insights drawn from his extensive work in global pension solutions. Kathleen Townsend, Maryland’s first female lieutenant governor and a long-standing advocate for retirement reform, shares her passionate views on policy changes necessary to support social security systems effectively.
Topics Covered:
Investment Approaches for Social Security
Taxation and Social Security
Personal Security Accounts
Global Pension Reforms and Innovations
Time Stamps:
00:00 Baby boomers face retirement financing and longevity.
05:55 Retirement blamed on individuals, not the system.
09:46 Managed World Bank's pension, advocated for reform.
13:27 Critique of Social Security and fiscal policy.
15:47 Discovering Social Security tax cap on income.
19:21 Post-war redistribution favors current generations, prompting inequality.
21:15 Address loopholes, promote incentives, coordinate fiscal programs.
26:48 Myra, retirement, bonds, Franco, steady consumption, continuity.
28:03 Brazil government issues bond in dollar terms. App calculates bonds needed for retirement.
33:46 Proposing long-term bonds for government's financial benefits.
36:44 Concerns about money going into infrastructure misuse.
39:44 Founded center to promote state-run retirement plans.
43:46 Promoting selfies for state-level treasuries and infrastructure.
46:07 Social Security's solvency viewed as major concern.
50:06 Issue with funding, twice as big problem.
53:54 Address poverty with major reforms and equity.
55:49 Global investment collectively secured for retirement pensions.
This discussion is not just an economic debate; it's about real-world impacts on everyday lives, aimed at providing listeners with a comprehensive understanding of potential reforms and their implications. Understanding these could shape your financial future and societal stance on aging and retirement.
Economic Matters - The podcast is hosted by Laurence Kotlikoff and moderated by Alex Kotlikoff.
Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.
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Social Security on the Brink: Debating Solutions with Arun Muralidhar and Kathleen Townsend