06 Apr 2017

What the Ontario Pension System Can Teach Americans

One neighbor to the north has come up with a way to over-fund their state pension system, so why can’t it be repeated here? Bucking the industry trend, the Ontario Teachers’ Pension Plan announced it was 105% funded as of Jan. 1, 2017, its fourth consecutive year of being fully

Chuck Epstein 0
29 Mar 2017

Planning for Retirement Just Got Much Harder

If you thought planning for retirement was difficult, it just got a lot harder. That’s because saving for retirement must now account for two major life changes: you are living longer and you won’t make much on your investments. Now, living longer is considered a good thing since science and

Chuck Epstein 0
24 Feb 2017

The Darkest View of Retirement and Income Inequality

An earlier post on this site (Feb. 23, 2017) pointed out the retirement crisis in America is not getting any attention. But just because it is not getting noticed, it does not mean the crisis will go away. On the contrary, it will only get worse, aggravated by the nation’s wealth gap and attempts to alter Social Security,

Chuck Epstein 0
16 Feb 2017

Retirement Planning in the Trump Era

Even in the best of times, retirement planning is never an easy or fun task. Now, this task is being made more difficult because the Trump Administration and top Republicans are considering plans to cut Social Security, Medicare and Medicaid, reducing benefits, adjusting tax brackets and deductions, raising the retirement age,

Chuck Epstein 0
19 Jan 2017

Managing the Big Risks of Medical Bankruptcies and Retirement Planning

People planning for retirement, along with financial professionals who do retirement planning, should incorporate the risk of medical bankruptcies into contingencies as the Trump administration moves to shift more of the costs of medical treatment to individuals as part of their new conservative policy regime. Bankruptcies due to medical costs

Chuck Epstein 0
11 Jan 2017

New Newsletter to Tackle the Issue of Aging With Dignity

Every day, about 60,000 baby boomers turn 65 and whether they retire or not, they are entering the older part of the population in greater numbers than any other time in U.S. history. According to the National Institute of Health, there are about 35 million Americans over age 65 and

Chuck Epstein 0
29 Nov 2016

CalSTERs CIO Says Indexing Is Best For Individual Investors

The Chief Investment officer (CIO) of CalSTRS, the second largest pension fund in the U.S. said his fund relies more on indexing than active management primarily due to the high fees and sub-par returns associated with active management for their $192 billion pension fund. In an interview on Bloomberg TV today

Chuck Epstein 0
14 Jun 2016

Mutual Fund Fees Get Scathing TV Review from John Oliver

In the show (see video), Oliver created a 401(k) for his show’s employees.  The show’s producer chose John Hancock as the plan provider, who charged an asset management fees of 1.69%, on top of a $24 per-person annual fee and other fund fees. In addition, Hancock an unnamed intermediary broker

Chuck Epstein 0
20 May 2016

How Student Debt Impacts Home Ownership and Retirement

Despite all the complexities of investing and the machinations of the financial markets, there are only three main ways to build wealth for the average American: Through home ownership, by creating a portfolio and by savings. Of these, the one with the largest, most consistent and common payoff is home ownership. That’s

Chuck Epstein 0
28 Apr 2016

More Bad News for Wealth Managers: Neoliberalism is Destroying Your Client Base

Like the citizens of Garrison Keillor’s mythical city in Minnesota, Lake Wobegone, where 90% of the residents are in the top half of the class, 90% of today’s wealth managers continue of their quest to find the top 10% of the wealthiest Americans. It’s a tough search and by all

Chuck Epstein 0