The Great Retirement Ripoff

The Oct 31 issue of Time magazine. Here's an excerpt. The shift away from guaranteed pensions was encouraged by Congress, which structured the rules in away that invites corporations to abandon their defined-benefit plans in favor of defined-contribution plans, increasing 401k's. Many companies contribute; some don't. Whatever the case, the contributions will never be enough to match the certain and long-term income from a defined benefit plan. What's more, once the money runs out, that's it. If people live longer than expected, get stuck with unanticipated expenses or suffer losses of other promised benefits, they will have little besides their Social Security to sustain them.

Posted on Sunday, October 30 by

Wise Owl |

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Response: his comment is here

at his comment is here on November 7, 2013

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Response: Mano Swartz

at Mano Swartz on December 23, 2014

The Great Retirement Ripoff - Weekly Retirement Articles/Blog - Retirement Rollover Ira, 401k and Retirement Information

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