The good news is that Americans are living longer and spending more years in retirement than ever before. However, funding retirement is a fast approaching crisis. On this week’s WEALTHTRACK we have an exclusive interview with Financial Thought Leader and legendary investment consultant, Charles Ellis, who tackles America’s greatest domestic financial challenge in a new book, Falling Short: The Coming Retirement Crisis and What to Do About It.

READ Falling Short: The Coming Retirement Crisis and What to Do About It

– Charles D. Ellis, Alicia H. Munnell and Andrew D. Eschtruth

HELPFUL PERSONAL FINANCE ADVICE FINANCIAL ADVANTAGES OF

:

  • Working longer
  • Taking Social Security later
  • Using home as source of retirement income

ELLIS: LONG-TERM LOGIC

Put savings into low-cost index funds
Stock market is efficient
Index funds are logical choice for long-term investments

RETIREMENT RESPONSIBILITY

Charles Ellis is a legend in the investment field for several reasons. He was the founder and longtime head of top international investment consulting firm, Greenwich Associates. He has advised both for profit and not for profit institutions including corporations, universities, pension funds and governments, as well as high net worth individuals on their investment strategies and choices. He has taught at both Harvard’s and Yale’s business schools, served on numerous boards and authored 16 books including the investment classic, Winning the Loser’s Game. I asked Ellis why he chose his latest project, tackling the nation’s retirement crisis by co-authoring Falling Short: The Coming Retirement Crisis and What to Do About It.

Charles Ellis: Fixing The Retirement Crisis [VIDEO]