Tag Archives: Pension

The boning, Pt. 2

The Washington Post (via John Cole): The 401(k) generation is beginning to retire, and it isn’t a pretty sight. The retirement savings plans that many baby boomers thought would see them through old age are falling short in many cases. The median household headed by a person aged 60 to 62 with a 401(k) account […]

You wont be retiring

Growing up I thought I understood the strategy of retirement. I couldn’t count on Social Security benefits getting me through my golden years. So, once I entered the workforce I would need to invest a significant percentage of my income in stocks and bonds through a 401(k) or other kind of tax shelter. Well, Time magazine […]

Auto Industry Drama

This was too clever, I had to repost it from Juan Cole’s comment section. *************** THE TRAGEDY OF THE AMERICAN AUTOMOBILE INDUSTRY: A Play in Three Acts Dramatis Personae BIG THREE, a manufacturer of automobiles UAW, Big Three’s employee MITT ROMNEY, an idiot ACT ONE BIG THREE: I have plans to build automobiles, but I […]