Jul 31, 2018

For the past century, a public pension was an ironclad promise. ..Whatever else happened, retired policemen, firefighters and teachers would be paid. Period.  That is no longer the case, according to a report in the Wall Street Journal.  Many cities and states can no longer afford the unsustainable retirement promises made to millions of public workers. By one estimate they are short $5 trillion dollars, a deficit amount that is roughly equal to the output of the world’s third-largest economy, Japan.  Today on Mastering Money we'll reveal which age group of public pensioners are MOST at risk, and how to add a pension resource to your financial plan from a regulated institution with a legally required surplus to back its guarantees. THAT, and much more, today...