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Retirement Crisis a 'Looming Catastrophe' for Boomers


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2014 Mar 31, 1:03am   717 views  0 comments

by jojo   ➕follow (2)   💰tip   ignore  

Fidelity executive says inadequate savings could hurt citizens, economy and even national security.

http://money.usnews.com/money/blogs/the-best-life/2013/04/15/retirement-crisis-a-looming-catastrophe-for-boomers

Ronald P. O'Hanley is president of asset management and corporate services for Fidelity Investments, the huge Boston-based provider of employer retirement plan services to roughly 20 million people. Last week, he gave a speech in Washington at the "Capital Markets Summit" sponsored by the U.S. Chamber of Commerce. I know, another droning, predictable paean to the virtues of free enterprise and the marvelous retirement industry in which Fidelity plays such a major role.

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