I just read the following article on CBSMarketwatch.com.
The Pension Mirage:
http://cbs.marketwatch.com/pf/default.asp?siteid=mktw
Actual Article
http://cbs.marketwatch.com/news/story.asp?guid={2D8C2280-5476-424A-A2A6-A0AADA76F126}&siteid=mktw
There are some startling statistics and I know that nobody on this board was interviewed because the numbers wouldn't be so shocking.
What struck me was the last section titled "Overhaul 401 (K)s?" I don't think this Director of Retirement Research makes any sense. I wouldn't expect that the entire population be financial planners but if everyone were a little more financially savvy, maybe the numbers in the article wouldn't be so startling.
The Pension Mirage:
http://cbs.marketwatch.com/pf/default.asp?siteid=mktw
Actual Article
http://cbs.marketwatch.com/news/story.asp?guid={2D8C2280-5476-424A-A2A6-A0AADA76F126}&siteid=mktw
There are some startling statistics and I know that nobody on this board was interviewed because the numbers wouldn't be so shocking.
What struck me was the last section titled "Overhaul 401 (K)s?" I don't think this Director of Retirement Research makes any sense. I wouldn't expect that the entire population be financial planners but if everyone were a little more financially savvy, maybe the numbers in the article wouldn't be so startling.