The End Of Risk-Free Retirement
Saving money for retirement has never been easy for the average worker, but at least it was feasible.
Until 2000 or so, it was a simple matter to put all your savings in CDs, Treasury bonds, or tax-free muni bonds and generate a steady income.
Better yet, you could do this with no risk, just by keeping your money in FDIC-insured banks.
This is not possible today due to low rates. Neither you nor a massive pension plan acting on your behalf can generate enough risk-free income to assure you a comfortable retirement.
In the last 150 years, we’ve had a number of innovations that radically changed the way we live.
You can tick off the list: electricity, the automobile, refrigeration, TV, the Internet. But one innovation rarely makes those lists. It is just as significant if not more so…
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