The dirge is growing louder: financial gurus warn that market returns will be low for some time to come, and not just U.S. stocks and bonds, but foreign returns as well. One forecast argued that average stock returns would be 1.5-4.0 percentage points per year below their 30-year average, and bonds may do 3 to 5 percentage points worse.…Read More
longevity
Putting The Pension Back Into Retirement
Defined contribution plans – often known as 401k plans – have become the mainstay of US company pensions, yet their main function has been to get employees to save and invest during their work years. These plans haven’t been successful at delivering lifetime income benefits, as a rule: fewer than one-fifth of all such plans today help workers convert their plan assets into retirement paychecks.…Read More