Duckett described her father’s retirement shortfall: after three decades of work he never contributed to a 401(k) despite availability, relying on a small pension plus Social Security that still fell short. Employers largely moved from pensions to 401(k) plans starting in the 1980s, shifting retirement savings responsibility to individuals who may still fear outliving their money. Duckett promotes annuities that convert part of life savings into monthly checks lasting for life, reducing withdrawal stress and continuing payments even during market declines. She also called for safeguarding Social Security while adding other measures because it alone cannot cover retirement expenses.
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