The majority of Americans never had a pension in retirement and even among large employers, the lifetime annuity pension is a dinosaur. That is
Category: Retirement
Pensions, saving and planning for retirement, pension laws
“The ugly truth though is that the 401(k) is a lousy idea, a financial flop, a rotten repository for our retirement reserves”
Writing in the October 19, 2009 issue of Time ® “Why It’s Time To Retire the 401(k)”, Stephen Gandel writes “The ugly truth though
A deal is a deal…or so we thought
The trend continues, the defined benefit pension is dying a slow death and with its passing will come a changed society, a changed workforce
OMG I was wrong-sort of
In my post regarding living on a fixed income I predicted that the AARP would be up in arms because there is no COLA for