Current Affairs


Saturday, June 28, 2014

Social Insecurity: 401(k)s and the Retirement Crisis

James W. Russell (Get this book)
This is the story of how one individual fought bureaucracy and won. Along the way, Russell educates us about the fallacies inherent in our three-legged retirement system of Social Security, personal savings, and the employer pension 401(k) system. Although most of his battle is with the pension (defined benefit or DB) plan in the state of Connecticut, he manages to give readers an eyeful about Social Security and the issues with personal investing not only in the U.S. but also in Chile, the UK, and other countries. His homework is impressive. His campaign is truly a case history to be emulated, one that requires much patience and time.--Booklist

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