23 Feb 2017

What Retirement Crisis Are You Talking About?

The financial media operates 24 hours a day and despite the proliferation of company, market and economic news and endless commentary, financial journalists are avoiding any discussion about the biggest financial crisis facing every American: the retirement crisis. Politicians don’t want us to talk about it since this is the ultimate form of bad news

Chuck Epstein 0
05 Dec 2016

The Investment Industry Intentionally Avoids the Pension Underfunding Crisis

Since I started in financial journalism over 35 years ago as a reporter in a two-person bureau in Chicago with the trade magazine Pensions & Investments, the issue of underfunded corporate and municipal pension funds is something we all learned on the first day of work. Now, over 35 years

Chuck Epstein 0
19 Oct 2016

The Debate Over Social Security: Entitlement, Debt or A Scheme to Privatize?

Tonight’s final presidential debate between Hilary Clinton and Donald Trump has one segment about Social Security entitled “Entitlement or Debt.” The debate will be moderated by Chris Wallace of FOX News, who has been credited with coming up with the debate segment topics. Of course, this segment will get off

Chuck Epstein 0
20 Nov 2015

Investors and Retirees Should Expect Less in 2016

2016 looks like it will be a rocky years for investors. U.S. economic growth in 2016 was cut to 2.4%, a decrease from a previous estimate of 2.8%, according to a report by Goldman Sachs in September 2015. On a global level, GDP growth was cut from 4.3 %  to 3.7% primarily due

Chuck Epstein 0
20 Jul 2015

Should Financial Advisors Criticize Capitalism?

Financial advisors today find themselves in a major ethical dilemma: Should they represent their own monetary interests before those of less-sophisticated clients? Or, should they mention, as history has repeatedly shown, that the larger financial system contains more built-in major risks that cannot be hedged and can destroy years of accumulated

Chuck Epstein 0
12 Jul 2015

A Bad New Trend for Retirement

As the number of part-time workers continues, more workers are now becoming freelancers to make an income.  But this large shift comes at even larger price: freelancers do not get benefits, including the all-important 401(k) plan and its critical employer match. According to a CNBC report, over 53 million Americans

Chuck Epstein 0
26 Jun 2015

The GOP’s War Against Retirees

As millions of Americans remain concerned about whether they will have enough money to fund their retirement, they can remain assured that the GOP is intent on making these post-working twilight years as difficult as possible. While retirement once had an appealing ring to it over 50 years ago, that

Chuck Epstein 0
29 Aug 2014

The False Premise of Retirement Planning

The financial media is replete with articles about why more Americans are failing to accumulate enough wealth for retirement.  There are many seemingly viable answers, but the problem is that they all come from the monolithic perspective of the financial services industry: investment firms, banks, financial planners, investment counselors and

Chuck Epstein 0
02 Jul 2014

Millenials Want Social Security Benefits to Remain At Current Levels, Pew Research Finds

While Social Security has become a political football in Washington, Americans still regard it as the corner stone of their retirement and are very concerned about it future financial health. A Pew Research Center for the People & the Press report, the Millenials in Adulthood report, found just 14 percent

Chuck Epstein 0
02 Jun 2014

Capital, Austerity, Alienation and Pensions

“To put it badly, there are two ways to become wealthy: to create wealth or to take it away from others. The former adds to society.  The latter typically subtracts from it, for in the process of taking it away, wealth gets destroyed.”  –Joseph Stiglitz, Nobel Prize Winner in Economics,

Chuck Epstein 0