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Empire of the Fund: The Way We Save Now

William A. Birdthistle




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 | #511169 in eBooks |  2016-06-01 |  2016-06-01 | File type: PDF

||2 of 2 people found the following review helpful.| Must read for anyone with retirement account.|By markov|Birdthistle’s captivating book would be of interest to anyone concerned about their financial security in retirement. Grabbing your attention from the onset, his introductory message is that socioeconomic development has reached the point where “we” are increasingly more responsible for our financial live| ||"...a cautionary tale about the dangers of misaligned incentives and how the ordinary investor can navigate around them. It thus makes for both required and entertaining reading for the practitioner, the policymaker, and the regulator." | |-- Financial An

Empire of the Fund is an expos? and examination of the way we save now. With the rise of the 401(k) and demise of the pension, the United States has embarked upon the richest and riskiest experiment in our financial history. Over the next twenty years, nearly eighty million baby boomers will retire at a pace of ten thousand per day. The hypothesis of our experiment is that millions of ordinary, untrained, busy citizens can successfully manage trillions of dol...

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