unfunded pensions / 2 posts found
Will The Baby Boomers Crash The Stock Market?
In this video I discuss the notion of the 401k as a viable retirement option. I cover in this video how baby boomers who reach 70.5 will be withdrawing money from the stock market more than the other generations could purchase stock. The notion of the 401k as a long term option will soon be obsolete due to the population problem we currently have. Over the next 25 years 3 people will be selling stocks for every 1 buyer. This will cause a stock market downturn. The notion of the 401k for the long term is dead and needs to […]
Teamster Pension Problems
In this video I read over and article that discuses the Pension Problem brewing in the United States. In particular this article address the Teamster Pension Problems. The Teamster Pension is considered one of the largest and one of the oldest unions to date. The article highlights 4 brave individuals who shared their personal financial stories. The article was in the Daily News and it hits home because it’s from my home town of New York City. The Pension problem is the biggest crisis we will see in our life times and we need to have more discussions about it.