FAQs About Guaranteed Retirement Accounts

We need a retirement system that meets the needs of a 21st century workforce. American workers switch jobs more frequently than those in most high-income countries, and most are living longer than they did in decades before. Half of all American workers have nothing saved for retirement. Thus it is no surprise that running out of money in retirement is a major source of anxiety for Americans of all ages. The good news is that we have a proposal to ensure that all workers can easily save and, when they retire, receive a monthly paycheck for life. It’s called a Guaranteed Retirement Account. Read our FAQ document for answers to the most common questions about GRAs.