Mary Williams Walsh, NY Times reporter, produced an article this past weekend, titled "A $76,000 Monthly Pension: Why States and Cities Are Short on Cash". She described a number of situations in which municipalities were unable to pay for basic...

Last Friday, members of the team behind the Butch Lewis Act had their first opportunity to present the "numbers" to House staff members. We were very pleased with the extremely positive reaction to the presentation. Tomorrow, Tuesday, April 17th, the...

As a follow-up to our blog post from this morning on expanding U.S. deficits being good for future growth, my former Invesco colleague, Charles DuBois, has shared the following: There have been over 100 government defaults on public debt in...

The WSJ is reporting today on a Congressional Budget Office (CBO) study indicating that this year's budget deficit will be 43% greater than originally forecast. Furthermore, future deficits beginning in 2020 will exceed $1 trillion per year. According to the...

There are many deniers within the U.S. retirement system that would have you believe that there isn't a retirement crisis unfolding. The demise of the defined benefit plan has been most notable within the private sector, but multiemployer and public...

The Nebraska Legislature on Wednesday rejected authorizing the Omaha Public Schools (OPS) to issue $300 million in bonds to shore up its poorly funded pension fund. The pension obligation bonds (POBs) would have sought to take advantage of the margin...

The following chart was extracted from an article from ReLab's Backgrounder, The New School's Schwartz Center For Economic Policy Analysis. As one can clearly see, no near-retirement income group is in great shape when it comes to funding a retirement...

On December 28th we posted a brief note discussing UBI Blockchain Internet Ltd, a Hong Kong based company. Here is that note - For the year, UBI had an operating loss of $1.83 million on zero revenues. It had $15,406...

The $1.3 trillion omnibus spending bill that was recently passed by Congress, unfortunately, allocated nothing for retirement provisions. The Retirement Enhancement and Savings Act (RESA) was not included in the final draft of the spending bill, although industry supporters hoped...

We've reviewed many retirement surveys from numerous organizations, and regrettably, the common theme is a significant lack of retirement readiness. The chart above would suggest to us that only the top 10% of American households even stand a chance of...