About the Author
Richard Schmitt is an adjunct professor teaching retirement planning at the Edward S. Ageno School of Business at Golden Gate University in San Francisco. Having worked in the retirement plan industry since the origin of 401(k) plans, he has assisted companies in the design, implementation, and administration of 401(k), 403(b), 457, and other retirement savings plans for over twenty-five years. Before joining academia, he worked as a corporate manager overseeing compensation and benefits plans for a couple of the largest U.S. companies based in Silicon Valley. He also worked as a consultant at major international consulting firms serving other Fortune 500 companies. Mr. Schmitt is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and an Enrolled Actuary licensed to practice before the Internal Revenue Service. He graduated with distinction from the University of Michigan with a Bachelors of Business Administration degree and subsequently earned teaching credentials at San Francisco State University.