The idea of retiring at age 65 with a gold watch is a quaint notion for many Americans. Amid declining wages and low interest income, most people have a tough time setting aside money for retirement. If anyone can help, it’s employers who must set up good workplace savings plans.
This topic needs the openness of a robust discussion from all stakeholders, airing all sides of the argument. We seldom get that.
In April, PBS Frontline ran a TV documentary called “The Retirement Gamble,” which revealed multiple problems that Americans face in saving for retirement. The issues that the documentary brought up and failed to mention caused quite a buzz in the investment management and retirement planning blogosphere. I think that the program raised some very important points, although it didn’t go far enough in its analysis.
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