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In other words, Larry Fink "admits" (how grand of him) that self-directed pension savings are failing because he has a profit-making hidden agenda:
1. Fink wants MANDATORY retirement savings (for wall st to stick with losses)
2. Fink wants interest rates to go up now because he has sold all his bonds to retirees and bonds will drop like a rock when interest rates are increased.
NICE!
401k works great...
you can deduct/transfer savings straight into a retirement account.
its up to you to invest into cash, bonds, and stock.
if you know what your doing, its works to your advantage.
so whats the difference between mandatory govt social security vs
self directed fund investing into US treasury's if you want preservation
and security ?
http://finance.fortune.cnn.com/2013/05/07/larry-finks-radical-retirement/