Re: Status of Social Security Changes
Apologies - I misunderstood. I think I agree with you as the financially savvy manage to shelter a lot more of their unearned income in tax advantaged accounts.
Thanks for the Wharton School link which also discusses some of the problems with the company pension plans. In the UK private pension plans got a double whammy. A few years ago (still under Tony Blair) the government looked at the extremely well funded company pension accounts and changed the law so that funds going into those accounts were taxed. The sharp drop of funds flowing into the accounts plus the big drop in the stock market has left many company plans in deep doo doo and there is still much debate going on as to how to fund the increasing numbers of those funds going belly up leaving their retirees high and dry.
Retired in Jan, 2010 at 55
Now it's adventure before dementia