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My Faith-Based Retirement
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Joe Nocera describes his personal situation which also reflects the situation of the average investor in his 401(K) for retirement - inexperience in handling the boom-bust cycles in the market and loss of savings, especially in the last two decades with sharp swings in the market. The Employee Benefit Research Institute statistics on savings of the average American are striking, dismal is the right word- only 22% of workers 55 or older have more than $250,000 set aside for retirement, and 60% have less than $100,000 in a retirement account. The average savings of an American near retirement are $100,000.
Aging, Retirement and 401(K)'s in America- 2010-2016
03/30/2010
The situation confronting the baby boom generation as it retires in the U.S. The stock market boom-bust cycles of 2000-2002 and 2006-2008 have hurt the 401(K) retirement accounts of most Americans. High unemployment and the housing crisis with many home owners under water has only worsened the situation. The difficult situation for seniors earning little interest on their savings. The problem of outliving ones savings for seniors with their money invested in bonds in a low interest rate environment. The median savings of Americans of close to $10,000 with only 10% of Americans having saved about $1 million by age 65. Longevity today means Americans are likely to live to age 85.
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Big 401(k) Mistakes … and How You Can Avoid Them
Wall Street Journal 04/13/2013
Why Many Retirees Could Outlive a $1 Million Nest Egg
New York Times 06/08/2013
Suddenly, Retiree Nest Eggs Look More Fragile
New York Times 06/15/2013
Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
BusinessWeek 05/27/2010
An About-Face for the Stock Market’s 5-Year Return
New York Times 02/15/2014
Incomes, and labor force participation rates in the U.S. for seniors over age 75
03/30/2010
The changing situation for Americans of retirement age.
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Wall Street Journal 09/14/2011
Why Many Retirees Could Outlive a $1 Million Nest Egg
New York Times 06/08/2013
Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
BusinessWeek 05/27/2010
Takeaways From the Monthly Jobs Report
Wall Street Journal 04/05/2014
Wall Street Journal 08/12/2014
Orange County Employees Retirement System and CALPERS. Contrasting approaches and results.
10/16/2009
Steve Delancey and the small pension fund that runs OCERS feel vindicated with only 8% losses compared to 21% for CALPERS even as the DJ averages passed 10,000 in October 2009.
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Calpers Pulls Back From Hedge Funds
Wall Street Journal 07/24/2014
Calpers, Nation's Biggest Pension Fund, To End Hedge Fund Investments
New York Times 09/15/2014
Orange County Dodged Bullet by Avoiding Calpers
Wall Street Journal 10/16/2009
Calpers Weighs Booting BlackRock
Wall Street Journal 11/25/2009
New York Times 04/27/2012
Calpers Misses Big on Investment Target
Wall Street Journal 07/17/2012
Krauthammer on Social Security and three practical steps to fix it
09/16/2011
Krauthammer says Social Security is a Ponzi scheme when we look at the definition of Ponzi schemes. The definition says in a Ponzi scheme the payments of people joining now are paid out to people who joined earlier, leaving little for future payments. This is happening to Social Security. In 1940, after Roosevelt signed it into law, the life expectancy was 62 and the retirement age was set at 65, there were 160 workers to support one retired person. Today life expectancy is closer to 80 and there are 2 workers to support one retired person. Well don't just say its a Ponzi scheme, exercize common sense and update Social Security for these facts, Krauthammer tells U.S. presidential candidates. Updating for the facts today means raising the retirement age, adjusting cost of living measures, and means testing the rich for benefits.
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A Ponzi scheme that should be fixed - The Washington Post
Washington Post 09/16/2011
New York Times 04/27/2012
Mr. Biden falls flat - The Washington Post
Washington Post 08/16/2012
Robert Samuelson: Ryan’s budget asks nothing of the elderly -; unfortunately - The Washington Post
Washington Post 08/16/2012
Americans Rip Up Retirement Plans
Wall Street Journal 02/01/2013
Retirement 101: Saving for Retirement
02/19/2011
Basic things one should know about saving for retirement.
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Why Many Retirees Could Outlive a $1 Million Nest Egg
New York Times 06/08/2013
Suddenly, Retiree Nest Eggs Look More Fragile
New York Times 06/15/2013
The Case for Dividend Funds in Retirement
Wall Street Journal 04/15/2014
The Five Big Lies of Retirement Planning
Unknown 04/17/2014
10 Scariest Money Mistakes—Don't Be Tricked!
Unknown 04/17/2014
Five Big Investments You Don't Know You Have
Wall Street Journal 05/12/2014
The crisis facing pension and retirement systems in European countries
11/28/2010
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This is your brain on retirement — not nearly as sharp, studies are finding - The Washington Post
Washington Post 10/30/2015
New York Times 11/28/2010
New York Times 04/27/2012
What senior executives of financial firms are doing with their own investments and what their firms are telling the public
08/23/2011
For senior executives interviewed in this survey investing is all about capital preservation. One executive has moved all his funds to U.S. government bonds and cash, another executive has given up the 60% stock 40% bond allocation recommended by financial firm advisors and moved his savings to cash and high investment grade bonds. These executives witnessed the 2008 crash and are not taking any chances. Financial advisors of these firms continue to tell the public to stay in it for the long term. Who bears the greater risk if things go wrong? The middle aged investor risks losing the bulk of his 401 (K) as he nears retirement. Investor portfolios of the middle class in America risk further losses after losses in the 2008 crisis.
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How Wall Street Invests Its Money in Hard Times
Wall Street Journal 08/23/2011
Number of the Week: Volatile August for Stocks
Wall Street Journal 09/03/2011
Why a Legendary Market Skeptic Is Upbeat About Stocks
Wall Street Journal 09/10/2011
Beware the Registered Investment Adviser
BusinessWeek 10/27/2011
Where to Put Your Money in 2012
Wall Street Journal 01/05/2012
A New Year, the Same Ol' Pessimism
Wall Street Journal 01/09/2012
Intelligent investors and stock market rallies in 2010-2015
02/12/2011
Jason Zweig, who edited the recent publication of Benjamin Graham's classic book on investing, "The Intelligent Investor," and other experts, on the widespread public misinformation and misperceptions about stock market rallies. There is no getting around the common sense understanding that if things go up fast they will go down just as fast.
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The Best Financial Advice I Ever Got (or Gave)
Wall Street Journal 12/28/2013
Ten Stocks to Own During a Market Correction
Wall Street Journal 02/08/2014
Wall Street Journal 04/19/2014
Are Stock Prices Headed for a Fall?
Wall Street Journal 08/28/2014
Test Your Smarts on Apple, Yellen, India
Wall Street Journal 01/07/2015
Advice After Stock Market Drop: Take Some Deep Breaths, and Don’t Do a Thing
New York Times 08/21/2015
Investing for 2011- strategies and prospects
02/20/2011
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Barry Ritholtz: Time, not timing, is key to investing success - The Washington Post
Washington Post 08/25/2014
Six Ways to Boost Your Investment Income
Wall Street Journal 02/20/2011
Why a Legendary Market Skeptic Is Upbeat About Stocks
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Half Stocks, Half Bonds: A Solution for Turbulent Times
New York Times 11/26/2011
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The New ‘Dividend Aristocrats’
Wall Street Journal 12/08/2011
The Crisis of the Individual Investor.
03/30/2010
This crisis is most acute for firms like Schwab which pioneered individual investing after 1982. The violent nature of markets in the post 2008 period.
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Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Ten Stocks to Own During a Market Correction
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Advice After Stock Market Drop: Take Some Deep Breaths, and Don’t Do a Thing
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Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
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"Dow 36,000" - Glassman, Zweig, and others comment on the U.S. stock market
02/12/2011
Risk, volatility, and prospects for the U.S. stock market in 2010-2012.
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QE2-Inspired Stock Rally May Soon Disappear
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Shiller Metric Carries Warning for Stocks
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Why I Was Wrong About 'Dow 36,000'
Wall Street Journal 02/24/2011
When Your 401(k) Doesn't Deliver What You Expected
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How Now, 36,000 Dow? The Ominous Undertone of Rallies
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Retiring Boomers Find 401(k) Plans Fall Short
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Accounting rules and U.S. public pension plans
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Rules Aim to Increase Pensions' Transparency
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New rules expose bigger funding gaps for public pensions - The Washington Post
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AMR (American Airlines) Pension Fund
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American Airlinesâ Parent Says It Will Freeze Most Pension Plans
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Steven Pearlstein: Two can play the airline bankruptcy game - The Washington Post
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How U.S. states overstate the extent to which pensions are funded.
10/16/2010
Using a discount rate of 4% (for government borrowing costs) would correctly show the extent to which pensions are funded in Illinois, than the rate currently used rate of 8%. Using Illinois methods Dutch plans would be 200% funded says an expert in Holland. With lower savings of American workers as they approach retirement adequately funded pension systems are critical to the safety net.
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08/27/2010
With 12.5% of U.S. workers being state and local government workers, there is someone, a neighbor, a friend, who works for state and local government. The lunch or dinner conversations often wander into the issues about benefits and pensions in the private and government workplaces.
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Good practices for Americans approaching retirement in today's environment
02/19/2011
Vanguard Group says the current median contributions to 401 (K) and savings accounts in 9%, including an employer contribution of 3%. This is too low and Vanguard is recommending a 12-15% annual contribution.
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New rules for fee disclosures on 401 (k) retirement plans in the U.S.
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Questions America asks it financial leaders in the light of the cratering going on in the world of finance and ordinary American's retirement savings.
01/28/2008
As a large part of 401 K's disappear and retirement savings are hurt badly Americans are asking questions of public servants and leaders in finance.
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Perry, Social Security and Personal Retirement Accounts at 3 Texas Counties
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03/30/2010
The difficult situation of seniors earning little interest on their savings.
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The wildly underfunded pension system of the American state of New Jersey.
09/30/2010
Need to increase the retirement age to 65 from 62, and increase pension contributions to 8.5%, says Governor Christie of New Jersey. With the lower savings of workers in the U.S. as they approach retirement, adequately funded pension systems are critical to the safety net.
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BusinessWeek 09/30/2010
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Economist 10/16/2010
Contrarians Grantham, Rodriguez, Schiff, Arends, Granville, Roubini and others- 2010-2012
01/24/2008
U.S. stock market investing and contrarians. Skepticism about the stock market rallies of 2010-2012, and the greater influence of macroeconomic forces, which include oil prices volatility with international tensions, the eurozone financial crisis, and continuing fall in housing prices. Changes in fiscal policies and tax policies resulting in withdrawal of government support are other uncertainties.
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Number of the Week: Volatile August for Stocks
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Charlie Rose Talks to Nouriel Roubini
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New York Times 01/03/2010
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03/16/2012
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A Forecast for Low Returns, and Advice for Investors
New York Times 03/16/2012
Wall Street Journal 03/18/2012
Wall Street Journal 03/23/2012
New York Times 03/26/2012
Wall Street Journal 04/02/2012
Value Investing
09/02/2011
John Buckingham and others on Value Investing
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Unknown 09/02/2011
Why a Legendary Market Skeptic Is Upbeat About Stocks
Wall Street Journal 09/10/2011
"Sell before the 6th of May and Go Away," the expression and the second half of 2012
01/11/2010
The Dow Jones Averages dropped 900 points on the 6th of May, 2010. The huge swings in the equity markets in the U.S., Europe and Japan since 2008. The crisis atmosphere, and huge swings on the downside and the upside in the second half with sentiment focussed on deficits and central bank stimulus going one way then the other way.
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OECD Welcomes BOJ Inflation Target, Easing
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May-Day: Europe Prepares for Its Summer of Discontent
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New York Times 04/27/2012
A Summer Rally Really Would Mean a Lot
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Bill Gross: We’re Witnessing the Death of Equities
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AMR (American Airlines) and the Pension Benefit Guaranty Corporation (PGBC)
11/21/2006
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New Tensions Over AMR's Pension Plan: Company Says Retiree Benefits Could Be Cut
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Wall Street Journal 01/14/2012
U.S. Agency Ramps Up Its AMR Pension Fight
Wall Street Journal 01/31/2012
American Needs Merger Flight Plan
Wall Street Journal 02/09/2012
AMR Posts Big Loss, Reshuffles Managers
Wall Street Journal 02/16/2012
American Airlinesâ Parent Says It Will Freeze Most Pension Plans
New York Times 03/07/2012
Grossly underfunded state pension funds in the U.S.
08/27/2010
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Pension Pinch Busts City Budgets
Wall Street Journal 10/30/2013
Illinois Pension Fix Faces Political Test
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Illinois Legislature Approves Retiree Benefit Cuts in Troubled Pension System
New York Times 12/03/2013
Public Pensions and Our Fiscal Future
Wall Street Journal 08/27/2010
Illinois Supreme Court Rejects Lawmakers’ Pension Overhaul
New York Times 05/08/2015
Public Pension Funds Roll Back Return Targets
Wall Street Journal 09/05/2015
Rising pension and health care costs for U.S. cities in 2011-12
01/31/2008
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Wall Street Journal 10/30/2013
Pension Pinch Busts City Budgets
Wall Street Journal 10/30/2013
Illinois Pension Fix Faces Political Test
Wall Street Journal 12/01/2013
Public Pensions and Our Fiscal Future
Wall Street Journal 08/27/2010
Wall Street Journal 12/24/2010
Pension Issues Spice Dinner Debates
Wall Street Journal 02/18/2011
France's austerity plans and pension reform 2010-2014
06/16/2010
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France's Lagarde Forecasts Austerity
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French Unions Protest Pension-Age Overhaul
Wall Street Journal 09/08/2010
French Senate Passes Pension Bill
New York Times 10/22/2010
French Cabinet Is Dissolved, a Victim of Austerity Battles
New York Times 08/25/2014
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