Dec 26 2016

The near extinct pension – US pensions aggressively invest in equities relative to other countries to make up for shortfalls.

The pension is nearly extinct.  Overly optimistic returns left many pension plans practically insolvent and not ready to adapt to a low yield environment.  The benefit of pensions however is that it forced people to save over time for retirement.  What we have learned via the 401k is that when left to their own devices, […]

Dec 17 2016

The 401k has been a disaster for most Americans: Only 44 percent of private sector workers participate in a defined contribution plan.

Failing to plan is planning to fail.  If this is true, most Americans are planning to live in retirement with very little money and are going to rely heavily on Social Security to get by.  That is the case today where most retirees get the bulk of their income from Social Security.  Back when the […]

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Oct 1 2016

The retirement gamble: 30 percent of American adults have no retirement savings. Half of Americans live paycheck to paycheck.

Retirement angst is a big deal.  It probably feels like a bigger deal since older baby boomers are now entering into retirement age in wildebeest like droves.  A time that was supposed to be spent sipping ice cold margaritas on the warm beaches of the world is now filled with working retail jobs or trying […]

Aug 27 2016

The focus on 401ks has destroyed the retirement for millions of Americans over the last generation.

Over the last generation there has been a shift from pensions to do it yourself 401k plans.  The idea was pitched during a time when the stock market was in a bull run and Wall Street was excited to open up additional streams of revenue.  But now a generation later, the results are rather clear.  […]

Dec 26 2015

The death of the American pension: Shifting the retirement burden from employers to workers has created an enormous financial crisis.

The American pension offered once by many companies was a benefit once afforded to most workers.  That is, until the press started chanting the Wall Street party line and all of a sudden 401ks and mutual funds were all the rage.  Who wants a tiny pension when you can become a millionaire by simply saving […]

Aug 18 2015

Get used to the idea that you will never retire: GAO report shows that half of Americans 55 and older have no retirement savings at all.

Some of you might remember the glossy highly produced advertisements back in the early 1980s when Wall Street decided it was time to turn American retirement plans into casinos.  The slow and agonizing death of the pension plan was supposed to be replaced by the beautiful and wonderful world of the 401(k) plan.  Save for […]

May 3 2015

The death of the American pension: How older Americans are entering their golden years with a lack of retirement savings.

Listen carefully to the sales pitch from Wall Street.  In the late 1970s and the early 1980s there was a push to get Americans away from pension plans and into 401k style retirement plans.  The notion was that Americans would save enough on their own and would have the financial wherewithal to play in the […]

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