No one knows precisely what time the end is to occur -- my only hope is that the shock doesn't give me a heart attack and I miss the amazing once-in-a-lifetime feeling of being sucked into a black hole.
I applaud Cramer for taking on the 401(k) industry. Now he should do investors a huge favor by either dispensing academically-based advice about the perils of market timing, stock picking and fund manager selection or go off the air.
What was once a time of life that Americans looked to with great enthusiasm has now become a source of increasing angst. National Save for Retirement Week begins on Sunday, so now is a good time to take stock of the "retirement crisis" in our nation.
For most of us, our parents don't want to change their 401(k)s or whatever retirement plans they have. Unfortunately, the time has come for us to help them so they have enough funds for their retirement plans and goals.
Take a look at your 401(k) plan investment options. They are most likely predominately actively managed funds, with management fees of 1 percent or higher. Ask your adviser to justify including these funds in the plan. Don't accept the glib, patronizing response you are likely to get.
It's time to shine some light on 401(k) plans. If we are going to rely on these plans for retirement security, then employers and workers need to understand the different investment alternatives and their investment performance and fees.
As Republicans and Democrats continue disputing who should bear the brunt of the tax burden, Barlett and Steele argue that America's middle class has been decimated over the years due to policies governing not only taxes but also bank regulations, trade deficits and pension funds.
As I've pointed out in previous posts, the reason why the U.S. is among the pension poorest in the world isn't that not enough people are covered by a 401(k) plan, but that those who are receive a measly matching contribution equal to 3 percent of pay.
Everyone must step up to help achieve financial security for tomorrow's retirees: from employers and plan sponsors to investment managers, governments and regulators, and savers themselves. Living longer is a blessing, not a curse.