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 4 2016

California is land to the $100k minimum wage state worker: 220,000 highly-compensated state employees cost the public $35 billion.

There is one thing to discuss the minimum wage for servers and many others that work in the low paid service industry but it is another thing to discuss “underpaid” state workers.  That statement cannot be said for California’s state employees.  In a country where the median household income is $52,000 California seems to be […]

Jul 26 2016

The largest pension fund in the country CalPERs continues to underperform: Weakest return since 2008-09 financial crisis.

The two largest public pensions in the U.S. are Calstrs and Calpers and collectively they oversea $484 billion for public workers in California.  Pensions have a hard time surviving in a low return world.  For example, these pensions seek out a 7.5% annual return which is simply unrealistic to do in a market that is […]

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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 […]

Mar 29 2014

The looming retirement train wreck: Pension issues, lack of retirement savings, and extending the date of retirement all part of the current economic future.

The concept of retirement is a fairly modern one.  In fact, we can argue that only one generation actually got to enjoy a long and relatively healthy stay in retirement over a mass population.  For most of history, life and work went hand and hand and people retired essentially when they keeled over.  The only […]

Jan 28 2014

Why millions of Americans will never retire: How the prospect of retirement went from a realistic goal to an outrageous dream for most American families.

Retirement was presented to many Americans as some kind of middle class rite of passage.  It was odd to see so many fall under the spell of easy riches and generous retirement math presented to the public from the Wall Street financing machine.  Many saw retirement as a distant object so far into the future […]

Sep 14 2013

Pension disaster looms over the horizon: In 1980 60 percent of Americas participated in a pension program. Today it is less than 10 percent and the amount saved for retirement is startling.

Americans are on the verge of a retirement disaster.  As pension plans slowly go extinct Americans are not saving enough for retirement.  The figures point to a looming pension and retirement disaster.  Retirement for most Americans is largely a mirage.  As organizations switched from pensions to 401ks it was expected that most Americans would save […]

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