egd;357667 Wrote: > This scenario is only going to get worse as baby boomers retire and > start accessing their 401Ks.
How so? egd;357667 Wrote: > This is not a problem created by Bush or Obama (no doubt he'll cop the > blame though), it goes back to switching from defined benefit to defined > contribution pensions. At least in the US, these changes were made by companies who realized that employee demographics made defined benefit plans unsustainable. egd;357667 Wrote: > The next 10-15 years will likely be very ugly for many westernised > nations that have left retirement funding almost entirely in the hands > of funds managers. What do you have in mind with this comment? If one has funds for retirement, who would manage them other than a funds manager? In the case of private funds, the managers compete for the business and keep it or lose it based on performance - is there a better way to do it? egd;357667 Wrote: > In the cold light of day it's almost unthinkable that you'd leave your > golden years in the hands of some young punk who doesn't give a shit > what happens to the funds he's playing with so long as he's in the game > long enough to make his disproportionate bonuses playing with other > people's money and get out sitting pretty. In the final analysis, > that's exactly what most governments forced employees into. I'm not sure how any government had any influence on this. What do you have in mind? -- Goodsounds ------------------------------------------------------------------------ Goodsounds's Profile: http://forums.slimdevices.com/member.php?userid=14201 View this thread: http://forums.slimdevices.com/showthread.php?t=54678 _______________________________________________ discuss mailing list [email protected] http://lists.slimdevices.com/lists/listinfo/discuss
