Salient to Investors: Americans are facing a retirement crisis. Half say they can’t afford to save for retirement, while one-third say they have no retirement funds. Brooks Hamilton says you will need 10 to 15 times your income at retirement to be OK, which means you have to save more, and get
READ MORE... →Salient to Investors: The Society of Actuaries says less than 20 percent of men and women say their planning horizon is at least 20 years. Cynthia Levering at the Society of Actuaries said the variability of life expectancy is often misunderstood, and people need to plan for being above average. Average
READ MORE... →Salient to Investors: The vast majority of older Americans face steep and rising health-care costs that threaten to bankrupt them and are doing little to protect themselves. Only 1 in 5 companies with at least 10 employees offers long-term care insurance. Medicare doesn’t cover long-term care. Millions face spending themselves into
READ MORE... →Salient to Investors: Laurence J. Kotlikoff and Jeffrey D. Sachs say smart machines are substituting for young unskilled labor, and our children and grandchildren will be worse off as the wages of unskilled young adults decline. While a subset of young adults is tech savvy and the leading edge of
READ MORE... →Salient to Investors: Mark Miller writes: A growing number of employers are adding unbiased third-party investment guidance options as they work to improve their retirement plans. The best type of planner: independent advisers who have the fiduciary responsibility to put client interests first. A Deloitte Center for Financial Services survey
READ MORE... →Salient to Investors: Lee Topley at Unified Trust said 401(k)s were first introduced in the late 1970s as supplements to defined benefit pensions, when companies could easily to meet obligations through low-risk bonds with double-digit interest rates. After interest rates fell 401(k) plans grew as more companies decided that pensions
READ MORE... →Salient to Investors: The Census Bureau’s new projections show: The US population of just 399.8 million in 2050 versus 439.0 million projected in 2008. 90 percent of the US population in 1950 was white, versus 64 percent in 2010. (Beginning in 1980, whites are non-Hispanic white) Non-Hispanic whites will peak
READ MORE... →