Dwyer: Extend Retirement Age in Order to Save More

The video discusses the challenges of retirement planning, focusing on the audit of a 401K plan by Deloitte. It highlights the issues with current retirement strategies, the need for diversified investment portfolios, and the impact of low fixed income yields. The discussion also covers productivity trends, economic outlook, and the potential need to extend retirement age due to insufficient funds. The video suggests loading up on equities due to low fixed income returns and addresses the risks associated with market timing.

What metaphor is used to describe a preferred retirement model by experts?

• A single pillar

• A four-cornered table

• A three-legged stool

• A two-wheeled bicycle

Why might some experts suggest loading up on equities?

• Equities are less risky than fixed income

• Equities offer guaranteed returns

• Fixed income yields are low and may lead to price depreciation

• Equities are more stable than fixed income

What is a major problem faced by baby boomers in terms of retirement planning?

• Low fixed income yields

• Excessive savings

• High inflation rates

• Over-reliance on social security

What historical period is mentioned as having a significant productivity boom?

• 1980-1982

• 2010-2012

• 1993-1995

• 2000-2002

What is one proposed solution to the retirement crisis mentioned in the transcript?

• Eliminating 401K plans

• Reducing the retirement age

• Increasing pension payouts

• Extending the retirement age