No American Will Be Spared from Impending Public Pension Bailouts
"If state governments start getting bailed out, the first and most obvious way you would be affected is through increased taxes."
"If state governments start getting bailed out, the first and most obvious way you would be affected is through increased taxes."
"If it goes wrong we face social unrest, revolutions and, because all the environment, overpopulation, and poverty issues remain, don’t rule out an escalation of resource driven wars."
"Consider diversifying your assets and taking back control of your portfolio."
The American SECURE Act will require owners of larger pre-tax retirement accounts who plan to leave a legacy to family through IRAs, to review and possibly restructure their estate plans, ideas, in the coming years.
If these lending markets “freeze” like they did in 2008, it could create a retirement nightmare for anyone who isn’t prepared for the bumpy ride.
But the bottom three (Illinois, Kentucky, and New Jersey) are even more underfunded, dropping from ~50% funding in 2013 down to only ~38% in 2017.