Welcome back to another year and another decade of the 401(k) Fridays Podcast! Sorry for the delay in getting new episodes out, had some last minute scheduling challenges along with sickness that got us off track. Don’t fear though, we are back and ready for an exciting 2020! To kick things off, I am excited to welcome back Andrew Biggs, a fellow at the American Enterprise Institute to the podcast. As a retirement policy expert and researcher he brings a sober perspective of how our private workplace retirement plan system is really doing. During our conversation we hit on why there is so much focus on how 401(k) plans are broken, data on how current retirees are doing, somethings to future retirees can expect and much more.
Coming up on the podcast we welcome back a fan favorite Jerry Schlichter, the plaintiffs attorney who has shaped retirement plan litigation, Bob Holcomb of Empower to talk in more detail about the new SECURE Act and Rob Arnott of Research Affiliates to discuss what he sees coming for the markets in the near and not so near term. Exciting stuff, please be sure to share with anyone you think could benefit from listening.
Guest Bio
Andrew G. Biggs is a resident scholar at the American Enterprise Institute (AEI), where he studies Social Security reform, state and local government pensions, and public sector pay and benefits.
Before joining AEI, Biggs was the principal deputy commissioner of the Social Security Administration (SSA), where he oversaw SSA’s policy research efforts. In 2005, as an associate director of the White House National Economic Council, he worked on Social Security reform. In 2001, he joined the staff of the President’s Commission to Strengthen Social Security. Biggs has been interviewed on radio and television as an expert on retirement issues and on public vs. private sector compensation. He has published widely in academic publications as well as in daily newspapers such as The New York Times, The Wall Street Journal, and The Washington Post. He has also testified before Congress on numerous occasions. In 2013, the Society of Actuaries appointed Biggs co-vice chair of a blue ribbon panel tasked with analyzing the causes of underfunding in public pension plans and how governments can securely fund plans in the future. In 2014, Institutional Investor Magazine named him one of the 40 most influential people in the retirement world. In 2016, he was appointed by President Obama to be a member of the financial control board overseeing reforms to Puerto Rico’s budget and the restructuring of the island’s debts.
Biggs holds a bachelor’s degree from Queen’s University Belfast in Northern Ireland, master’s degrees from Cambridge University and the University of London, and a PhD from the London School of Economics.
401(k) Fridays Podcast Overview
Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 175 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!
