Dec 26 2015

The death of the American pension: Shifting the retirement burden from employers to workers has created an enormous financial crisis.

The American pension offered once by many companies was a benefit once afforded to most workers.  That is, until the press started chanting the Wall Street party line and all of a sudden 401ks and mutual funds were all the rage.  Who wants a tiny pension when you can become a millionaire by simply saving […]

May 3 2015

The death of the American pension: How older Americans are entering their golden years with a lack of retirement savings.

Listen carefully to the sales pitch from Wall Street.  In the late 1970s and the early 1980s there was a push to get Americans away from pension plans and into 401k style retirement plans.  The notion was that Americans would save enough on their own and would have the financial wherewithal to play in the […]

Dec 15 2012

New Retirement Model of Working into Old Age – Baby Boomers hitting retirement age with little to no savings.

The fiscal issues facing the country are troubling for a variety of reasons but one big reason is the reality that many older Americans simply do not have enough money to retire.  The idea of entering your golden years without the need of working is a relatively modern one.  In fact, it was the generation […]

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