No. of Recommendations: 10
Interesting perspective. I seem to remember 20-40% loses in privately-managed 401k plans during the waning days of the Bush Administration.

What does your personal politics have to do with this? If someone did not go to cash, they would be positive today on those investments.

Additionally, nothing would require the retiree to even invest in stock (privately managed or othewise). They could simply buy an immediate annuity/pension from Vanguard or other low cost entity to offset the risk of lack of future funds and the unfunded liability of the teacher pension.

What JLC is talking about is a complete and permanent reduction in benefits - not a loss due to poor performance.
Print the post  


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.