Tag: social security investments
Introduction Pension coverage in the private sector has shifted from defined benefit plans where professionals manage the money to 401(k) plans where participants invest their own accounts. The supposition is that individuals are not very good at investing their own money. The question is whether the supposition is borne out by the facts. That is,…
Introduction Canada, like the United States, has developed a retirement income system that relies on both public and employer-sponsored plans to provide a reasonable level of old-age income. Canada’s public programs largely focus on assuring a basic old-age income and provide quite modest benefits to higher-income workers. Canada’s employer plans provide significant topups for middle-…
