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Personal savings accounts to me are one of the most powerful things, not necessarily in saving, solvency, or bankruptcy of the program, but in guaranteeing, the words I used a few minutes ago, a safe and secure retirement for our seniors.

A well-designed 401(k) plan is an enormous competitive edge when recruiting and retaining employees.

Increased awareness and education could be a great help toward improving spending and saving habits and increasing participation and contribution levels to retirement plans.

Employer contribution pension plans have become increasingly popular throughout the past two decades.

Pension reforms, like investment advice and automatic enrollment, will strengthen the ability of Americans to save and invest for retirement.

Since Social Security faces a large gap between what it promises younger workers and what it can afford to pay them, private savings will likely need to play a larger role in retirement planning for younger workers.

Voluntary personal savings accounts would enable future retirees to harness the power of the marketplace when saving for their retirements.

I have to think about the possible ramifications of an early retirement.

We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.

It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society.