In recent articles, I wrote of the General Accountability Office’s endorsement of Wall Street’s rosy view of the retirement prospects of Baby Boomers, and also questioned assumptions regarding expected total return on which these views are based. The Great Retirement Experiment One question that remains is the value of assets that Baby Boomers must sell in future […]

Millions of investors put money for retirement into mutual funds selected on the basis of “SEC total returns” and the name of the fund. For example, many investors are likely to chose “XYZ Long-Term Nest Egg Fund” with SEC 10-year total returns of 8%, over “ABC Fund” with total returns of 5% in the […]

On August 3, 2020, by a vote of 93 to 5, the US Senate passed the “Pension Protection Act of 2006″, already approved by the House of Representatives on July 28, 2020 and now going to President Bush to be signed into law. This massive bill (907 pages) is a major piece of legislation that, like […]