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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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.  […]

Jan 29 2016

Unsocial Insecurity: Social Security Fund loses money for the first time since 1983. The new retirement model will have you working until you fall over from a heart attack.

Social Security was never designed as a long-term pension.  It was implemented in 1935 during the Great Depression to assist families from falling into absolute poverty.  The large work force dominated by men usually meant that many would die and leave a large family behind with no financial resources.  Social Security was there to protect […]

Nov 13 2015

100 American CEOs have more retirement wealth than 116 million Americans. The retirement divide grows larger each year.

Most Americans have no retirement strategy.  In fact, the new model of retirement appears to be work until you die.  It isn’t an uncommon model.  In fact, this used to be the status quo for centuries on end.  Some tend to believe that having a middle class is the natural order of things.  That is […]

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 […]

Jul 14 2015

The oncoming disaster in public pensions: The $4 trillion retirement savings deficit and the bill of payouts for pensioners.

Americans have done a very poor job saving for retirement.  In many cases, families simply have very little left over each month to save after monthly expenses chomp away at their net take home pay.  Pensions used to be common.  In 1975 you had 88 percent of private sector workers and 98 percent of state […]

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