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Rewriting Retirement Header Illustration

It was Gerry Smythe’s final confirmation he had never quite felt at home working in the Oklahoma airplane manufacturing plant.  When well-meaning coworkers bought a cake to celebrate his and another person’s retirement, they got Smythe’s name wrong on the sign inviting everyone to the break room. At age 63, he until recently was on…

social_security_5

Abstract Some observers believe that investing a portion of the Social Security Trust Fund in equities would strengthen its finances and improve the program’s intergenerational risk-sharing.  However, equity investments would also expose the program to greater financial risk and potentially greater political risk.  Monte-Carlo simulation methods are used to investigate whether equity investments would likely…