Evolution of the American Retirement and Family
As we all know, retirement planning has gone through several big shifts during the past ~50 years. One of the more significant changes has been from companies shifting away from pension plans (defined benefit plans) to 401ks (defined contribution plans). This change is essentially a shift in company’s responsibility of ensuring adequate lifetime income for its employees onto the shoulders of the employees themselves… many of which have no clue how to properly plan for a retirement that could last over 30 years. This shift...
View Article