The Pension House of Cards
Fergus Hodgson, July 1, 2019 
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It is no overstatement that we are in the early stages of the greatest retirement crisis in US and world history.
“Pension detective” Ted Siedle, a Forbes contributor and former SEC lawyer who represents whistleblowers, says both public and corporate pension funds across the United States are on the verge of collapse.
He argues that we are very close to a Puerto Rico-style default scenario on the mainland, with imminent bailouts from taxpayers.
The good news: people are living longer than ever. The bad news: barely anyone has the savings for decades of retirement. (Wikimedia)
Recommended Links
- Connect with Ted on Twitter and visit BenchmarkAlert.
- Read his column on Forbes.
- “North Carolina Pension’s Secretive Alternative Investment Gamble: A Sole Fiduciary’s Failed Experiment.”
- Retirement Heist, by Ellen Schultz.
- The Coming Generational Storm, by Laurence Kotlikoff.
- The Clash of Generations, by Laurence Kotlikoff.
If You Liked This Episode
- “Cris Lingle: Unions Dug Their Own Pension Grave,” Gold Newsletter Podcast.
- “What Sinkhole States Don’t Want You to Know,” Gold Newsletter Podcast.
- “A Bubble Like Never Before,” Gold Newsletter Podcast.
- “Indebted Students Have Themselves to Blame,” Gold Newsletter Podcast.
Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.