People are playing the generational lottery with their retirement savings accounts
over decades. One worker, who does all of the right things, works and saves a large part of her wages during her careers could ultimately retire very comfortably, while another, doing the same things, could struggle to make ends meet, just because of a difference in age. Welcome to the generational lottery.
Saving money in a retirement account comes with several risks. There is the chance of making unlucky or unwise financial decisions such as investing in a company’s stocks where the risks are not fully disclosed. Think about the people who put a lot of savings in Enron stock in 1999 or mortgage banks in 2007. There is also the chance of outliving one’s savings. And there is the chance of simply being born at the wrong time, as we’ll discuss below.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The people transforming advertising and media, Verizon's DTC move, and ad tech's privacy playWelcome to the Advertising and Media Insider newsletter
Read more »
27 Things From Free People That People Actually Swear ByWarning: You're gonna want to buy EVERYTHING!
Read more »
6 injured after driver 'intentionally' plows into people on Philadelphia street after altercation, police sayA driver is in custody after he intentionally plowed into people on the street after an altercation, injuring at least 6, police said.
Read more »
Biden: Time to ‘take back’ the countryJoe Biden said Thursday that it was time to “take back” the country and treat the middle class with respect, as the former vice president warms up for a likely 2020 presidential run
Read more »
INTRODUCING: The 10 people transforming investingThe list includes the godfather of smart-beta investing, a millennial running the research operation at the world's largest hedge fund, and a short seller who can move the market with a single tweet.
Read more »
People are pooping more than ever on the streets of San FranciscoIn 2011, just over 5,500 reports feces in public were logged by the San Francisco Department of Public Works; in 2018, the number was over 28,000.
Read more »
INTRODUCING: The 10 people transforming the media businessBusiness Insider named 10 media executives to its list of 100 people transforming business. They include a documentary boss ushering in a golden age, a founder scaring audiences out of their minds, and a CEO making subscriptions work.
Read more »
How A Trump Proposal Could Reduce 'Happy' Disabled People...By monitoring the social media accounts of disability benefit recipients, they can root out false claims and... shows a fundamental misunderstanding of disability and takes advantage of how social media operates in order to cut them off from the support they need.
Read more »
Pelosi, Schumer demand Mueller testify before Congress: 'The American people deserve to hear the truth'House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer blast Attorney General William Barr’s “irresponsible” and “partisan” handling of special counsel Robert Mueller’s report.
Read more »