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 […]

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