Retirement Tools

FAQs About Guaranteed Retirement Accounts

May 31, 2019

"Breathe Easy: How Guaranteed Retirement Accounts could change your life" explains some of the most frequently asked questions about GRAs. 

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.