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Author: Bill Wolman
Publisher: Basic Books
ISBN: 9780738206356
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
According to business and finance journalists Bill Wolman and Anne Colamosca, the American public has been hoodwinked: 401(k)s, the most popular mechanism for retirement investing, were established to satisfy corporate, not individual, interests. They are replacing defined benefit-pension plans at an alarming rate and are vulnerable to the vicissitudes of the market, which--if history serves as our guide--is destined for at least a decade of lackluster performance. Drawing on primary historical and contemporary data, Wolman and Colamosca build a compelling case against the 401(k) as a tool for ensuring long-term financial security. They urge individuals and families to diversify their savings and investments, building conservative portfolios that include bonds, high-dividend stocks, and savings. In the process, they explore the colorful social history of our love-hate relationship with the stock market and address many key questions facing any family today, such as: How do I accumulate enough wealth to educate my children and retire comfortably? How secure are my sources of income and how can I anticipate change? Timely and incisive, The Great 401(k) Hoax is guaranteed to inspire debate and action from the water cooler to the boardroom to the voting booth.
Author: Bill Wolman
Publisher: Basic Books
ISBN: 9780738206356
Category : Business & Economics
Languages : en
Pages : 256
Get Book Here
Book Description
According to business and finance journalists Bill Wolman and Anne Colamosca, the American public has been hoodwinked: 401(k)s, the most popular mechanism for retirement investing, were established to satisfy corporate, not individual, interests. They are replacing defined benefit-pension plans at an alarming rate and are vulnerable to the vicissitudes of the market, which--if history serves as our guide--is destined for at least a decade of lackluster performance. Drawing on primary historical and contemporary data, Wolman and Colamosca build a compelling case against the 401(k) as a tool for ensuring long-term financial security. They urge individuals and families to diversify their savings and investments, building conservative portfolios that include bonds, high-dividend stocks, and savings. In the process, they explore the colorful social history of our love-hate relationship with the stock market and address many key questions facing any family today, such as: How do I accumulate enough wealth to educate my children and retire comfortably? How secure are my sources of income and how can I anticipate change? Timely and incisive, The Great 401(k) Hoax is guaranteed to inspire debate and action from the water cooler to the boardroom to the voting booth.
Author: Brett Kitchen
Publisher: Morgan James Publishing
ISBN: 1600379753
Category : Business & Economics
Languages : en
Pages : 150
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Book Description
Discover an investment vehicle that builds reliable wealth over time—and free yourself from worry about wild market swings. It’s time to say goodbye to the tired financial advice that has lost Americans trillions of dollars in wealth. Contrary to what the Wall Street propaganda machine would have you believe. . . . there’s no need to risk your hard earned money in order to grow wealthy. Within these pages you’ll learn the “Safe Money Millionaire” plan that can grow your wealth safely and protect you against the ravages of unknown future tax liabilities. Here’s what you’ll discover: How you could add $800,000 to over one million dollars to your family’s wealth with a simple, predictable plan, without risk in the market Why financial gurus and Wall Street don’t promote this hundred-year-old secret to safe money wealth A safe place to shelter your hard-earned retirement savings from future market crashes The shocking truth about rates of return, and why a higher ‘rate of return’ doesn’t mean you are getting wealthier! How to “Finance Yourself to Wealth” and reduce or eliminate the interest you pay to banks and credit card companies What a bank robber named Willie Sutton teaches about who is really out to confiscate your wealth The secrets most people never know about the giant tax bite you could pay on your 401(k) savings (You could end up paying five times more in taxes than you’ll save!) Financial Gurus Exposed: Does Suze Orman practice what she preaches? Does Jim “Mad Money” Cramer’s advice make people money? Why did John D. Rockefeller say “If I had to give any advice, it would be to keep out of Wall Street”? How fees could be ravaging your 401(k) and mutual funds, costing you thousands of dollars and years of retirement
Author: Douglas Scott Nelson
Publisher: Morgan James Publishing
ISBN: 1614480079
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
Take control of your life by becoming financially bulletproof with this no-holds-barred guide to money management. A tragic accident in 2002 nearly took Doug Nelson’s life. Caught in a horrendous gas explosion, he spent six weeks in a coma and nine months rehabilitating from his injuries. But Doug was blessed—he knew that money would not be an issue during that difficult time. He had spent several years prior to the tragedy working toward, and achieving, financial freedom. In Catch Fire, Doug shares his amazing story and provides the simple tools and knowledge that can help you to achieve the same financial peace of mind. Doug debunks numerous money myths and explains how to make money work for rather than against you. His Financial Playbook provides the offensive and defensive strategies necessary to securing your economic future and pursuing your life’s true purpose. “Financial freedom is a goal many chase after, but you won't have to chase any longer after reading this book. You will be equipped and on fire to make some serious changes in your financial life.” —T. Harv Eker, bestselling author of Secrets of the Millionaire Mind
Author: Janet Zandy
Publisher: Rutgers University Press
ISBN: 9780813534350
Category : Business & Economics
Languages : en
Pages : 258
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Book Description
In linking forms of cultural expression to labour, occupational injuries and deaths, this title centres what is usualyy decentred - the complex culture of working class people.
Author: Camila Arza
Publisher: Routledge
ISBN: 1134134371
Category : Business & Economics
Languages : en
Pages : 238
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Book Description
Introduction : the political economy of pension reform / by Camila Arza and Martin Kohli -- The "new politics" of pension reforms in Continental Europe / by David Natali and Martin Rhodes -- Between conflict and consensus : The reform of Bismarckian pension regimes / by Martin Schludi -- How do politicians get away with path-breaking pension reforms? : the political psychology of pension reform in democracies / by Einar Overbye -- The politics and outcomes of three-pillar pension reforms in Central and Eastern Europe / by Katharina Muller -- Changing European welfare : A new distribution pattern of pension policy? / by Camila Arza -- The interdependence of the system of solidarity and the system of equivalence / by Martin Rein and Karen Anderson -- The Anglo-American pension regime : failures of the divided welfare state / by Robin Blackburn -- The gender pension gap : effects of norms and reform policies / by Patricia Frericks and Robert Maier -- Generational equity : concepts and attitudes / by Martin Kohli.
Author: Rick Wartzman
Publisher: PublicAffairs
ISBN: 1586489151
Category : Business & Economics
Languages : en
Pages : 483
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Book Description
Having a good, stable job used to be the bedrock of the American Dream. Not anymore. In this richly detailed and eye-opening book, Rick Wartzman chronicles the erosion of the relationship between American companies and their workers. Through the stories of four major employers -- General Motors, General Electric, Kodak, and Coca-Cola -- he shows how big businesses once took responsibility for providing their workers and retirees with an array of social benefits. At the height of the post-World War II economy, these companies also believed that worker pay needed to be kept high in order to preserve morale and keep the economy humming. Productivity boomed. But the corporate social contract didn't last. By tracing the ups and downs of these four corporate icons over seventy years, Wartzman illustrates just how much has been lost: job security and steadily rising pay, guaranteed pensions, robust health benefits, and much more. Charting the Golden Age of the '50s and '60s; the turbulent years of the '70s and '80s; and the growth of downsizing, outsourcing, and instability in the modern era, Wartzman's narrative is a biography of the American Dream gone sideways. Deeply researched and compelling, The End of Loyalty will make you rethink how Americans can begin to resurrect the middle class. Finalist for the Los Angeles Times book prize in current interestA best business book of the year in economics, Strategy+Business
Author: Joerg Rieger
Publisher: Fortress Press
ISBN: 145141112X
Category : Religion
Languages : en
Pages : 210
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Book Description
Economics has always had a moral dimension; even free-market mascot Adam Smith was a Christian minister. Yet recent events have renewed and recast theological reflection on the economy as the gospel of prosperity succumbs to large-scale economic crisis. In that light Joerg Rieger explores the many dimensions of today's economic crisis. What are the fundamental shifts taking place in the global economy today, and how are they affecting provision for basic human needs, economic equity, and people's prospects?
Author:
Publisher:
ISBN:
Category : Business
Languages : en
Pages : 1752
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Book Description
Author: James W. Russell
Publisher: Beacon Press
ISBN: 0807014702
Category : Business & Economics
Languages : en
Pages : 225
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Book Description
How 401(k)s have gutted retirement security, from charging exorbitant hidden fees to failing to replace the income of traditional pensions Named one of PW's Top 10 for Business & Economics A retirement crisis is looming. In 2008, as the 401(k) fallout rippled across the country, horrified holders watched 25 percent of their funds evaporate overnight. Average 401(k) balances for those approaching retirement are too small to generate more than $4,000 in annual retirement income, and experts predict that nearly half of middle-class workers will be poor or near poor in retirement. But long before the recession, signs were mounting that few people would ever be able to accumulate enough wealth on their own to ensure financial security later in life. This hasn’t always been the case. Each generation of workers since the nineteenth century has had more retirement security than the previous generation. That is, until 1981, when shaky 401(k) plans began replacing traditional pensions. For the last thirty years, we’ve been advised that the best way to build one’s nest egg is to heavily invest in 401(k)-type programs, even though such plans were originally designed to be a supplement to rather than the basis for retirement. This financial experiment, promoted by neoliberals and aggressively peddled by Wall Street, has now come full circle, with tens of millions of Americans discovering that they would have been better off under traditional pension plans long since replaced. As James W. Russell explains, this do-it-yourself retirement system—in which individuals with modest incomes are expected to invest large sums of capital in order to reap the same rewards as high-end money managers—isn’t working. Social Insecurity tells the story of a massive and international retirement robbery—a substantial transfer of wealth from everyday workers to Wall Street financiers via tremendously costly hidden fees. Russell traces what amounts to a perfect swindle, from its ideological origins at Milton Friedman’s infamous Chicago School to its implementation in Chile under Pinochet’s dictatorship and its adoption in America through Reaganomics. Enraging yet hopeful, Russell offers concrete ideas on how individuals and society can arrest this downward spiral.
Author: Edward Cary Royce
Publisher: Rowman & Littlefield
ISBN: 9780742564442
Category : Social Science
Languages : en
Pages : 344
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Book Description
Poverty and Power suggests that today's poverty results from deep-rooted disparities in income, wealth, and power. The rate and severity of poverty remain high, because millions of Americans are trapped in low-wage jobs, inadequately served by government policy, excluded from mainstream policy debates, and vitimized by discrimination and social exculsion
