Ran across this at the Brooking site. There are more issues we should be watching. These are the five I consider to be the most important. I did not include everything for each topic. There is more information to be read which will flesh out each issue. On healthcare also, expect 20 million people to […]
When I started my faculty position at the age of 32, the university had a defined benefit plan. They would contribute 6% of my salary to my retirement investment, pre-tax. I could contribute up to 60% from my salary pre-tax, but to get the university contribution, I had to contribute at least 4%. Such a […]
There has always been a lot of misinformation and frank dishonesty surrounding Social Security. Here are three things that Social Security isn’t: 1. A retirement investment. Social Security is insurance. It is not meant to be your sole source of income after retirement (although for many Americans, it basically is). Social Security is not a […]
“Will baby boomers unretire?” (beckershospitalreview.com), Molly Gamble, Becker’s Hospital Review Me: I am seeing this phenomenon happening quite a bit myself with multiple inquiries on job status. Millions of older Americans have returned to work in recent months, with nearly 64 percent of adults between ages 55 and 64 working in April. Essentially this is […]
My post in 2008 Draining 401k pool of money came to mind when I saw this Washington Post article in 2013…The trends have accelerated over the last four years, and as a general political and policy issue the lens is currently based on a pre-occupation with the federal budget deficits and austerity, the private side […]
Peter Dorman at Econospeak, who is smarter and nicer than I am,* boils down the question: [D]o you believe that managers normally make the right decisions over how to run organizations? If you believe that premise, please explain: Why all those great managers of the late 1940s through the mid-1970s ran defined benefit contribution plans, […]
Tom’s working on explaining Savings 101, so this is specifically to deal with the “issue with” retirement accounts. Via Lawrence G. Lux, we find the A.P. (and maybe the NYT) highlighting a “study” by an investment management firm that “discovers” problems with the way people manage their 401(k)s: Some of the diversification problems stemmed from […]