The Retirement Equation: Work, Wealth, and Longevity in the New Economy
Here are the key takeaways: 1️⃣ The 401(k) shifted almost ALL the risk onto you. In previous pension systems, risk was shared. Today? • You bear the market risk.• You bear the longevity risk (living longer than expected).• You bear the employment risk.• You bear the behavioral risk (withdrawing early). Meanwhile, the mutual fund companies […]
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