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Why the California pension system is in the crapper despite recent good results

Last updated on: November 7, 2019 by David Lewis Filed Under: Financial Planning, Retirement Planning Tagged With: contributing to a retirement plan, pension plans, planning for retirement, retirement contributions, retirement funding, retirement plans, retirement savings

Whelp… it looks like index funds didn’t save CalPERS. Back in 2014, the California pension systems (CalPERS and CalSTRS) yanked a bunch of money out of actively managed funds and shoved them into passive index funds.  Yay passive investing.  Uh. Wait. CalPERS and CalSTRS are still underfunded and still not making headway, aren’t they? Yes, they […]

The risk with 401(k)s no one likes to talk about

Last updated on: November 12, 2018 by David Lewis Filed Under: Investing, Retirement Planning Tagged With: 401(k), 401(k) plans, qualified plans, qualified retirement plans, retirement accounts, retirement plans, retirement savings plans, saving money

Was reading some interesting stats the other day. According to the DOL, there are, like, 650,000 retirement accounts in the U.S…. 80% of which are 401(k) plans. When these plans were audited by the Employee Benefits Security Administration (EBSA) (which is the regulatory body that enforces the Employee Retirement Income Security Act which governs retirement […]

Why retirement plans are a big fat tax idiot

Last updated on: June 4, 2018 by David Lewis Filed Under: Financial Planning, Retirement Planning Tagged With: 401(k) plans, financial planning, IRA planning, IRAs, retirement accounts, retirement and financial planning, retirement plan savings, retirement plans, retirement savings, save money for retirement

Let’s rap about why retirement plans are the basic bitch of the financial industry. First, the tax “benefits.” Everyone talks about them. But, where are they? Really… Enter, the professionals. The Society of Actuaries (which helps guide the design of pension and retirement plans) tells the general public what most financial planners have known for […]

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