@article {Szapiro1, author = {Aron Szapiro}, title = {Practical Applications of Improving the Defined-Contribution System: The U.S. Can Learn from Other Countries{\textquoteright} Approaches to Helping Retirees Convert Their Savings into Lifetime Income}, volume = {5}, number = {4}, pages = {1--3}, year = {2018}, doi = {10.3905/pa.5.4.257}, publisher = {Institutional Investor Journals Umbrella}, abstract = {The problem of ensuring steady, predicable retirement income is increasingly problematic as the baby boomer generation leaves the workforce along with the rise of the defined-contribution plan. In Improving the Defined-Contribution System, published in the Spring 2017 issue of The Journal of Retirement, Aron Szapiro of Morningstar examines how the U.S. defined-contribution system compares with six other countries, including Chile and Australia.The American system, by comparison, is relatively decentralized and fragmented, which adds to the challenges of ensuring stable retirement income. While it{\textquoteright}s unlikely that either of those issues will change anytime soon, American workers and their advisors can learn from the approaches from other countries.}, issn = {2329-0196}, URL = {https://pa.pm-research.com/content/5/4/1.3}, eprint = {https://pa.pm-research.com/content/5/4/1.3.full.pdf}, journal = {Practical Applications} }