I was reading recently about some study that said Americans are less secure about their retirement this year than they were last year. Uh ohs. The average 401(k) balance is about $100,000 at most age brackets and people aren’t saving a lot of money. A hundred grand isn’t a lot of money. For most households, […]
Why retirement plans are a big fat tax idiot
Happy tax day! Let’s rap about why retirement plans are the basic b*tch of the financial industry. The not-so-obvious reason is the illusory tax benefits masquerading as some kind of amazing feat of mathematical wizardry. Enter, the professionals. The Society of Actuaries (which helps guide the design of pension and retirement plans) tells the general […]