No. of Recommendations: 1

Conclusion
Even after nine years of economic recovery, most state pension plans are not equipped to face the next downturn. Policymakers have not taken advantage of strong investment markets to make progress on closing the pension funding gap, which remains at historically high levels as a share of GDP.


A lot of this stuff is like computer security, people ignore proper advice and hope for the best. Then one day the lose all their date, or with pensions, realize lofty returns they were expecting and were told were unrealistic, actually are unrealistic.


I was just talking with a friend yesterday and he was mentioning how incompetence tends to rise to the top. I was kidding (maybe?) that they should teach that in schools. I have mistakenly thought the goal was to do things correctly.

Rich
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.