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<blockquote data-quote="bbsam" data-source="post: 711086" data-attributes="member: 22662"><p>NPR had a piece today about defined pensions and their demise over the last several years. According to them, retirement never really was to be paid for from one source. From it's inception Social Security was to account for 1/3, a pension or other employer provided savings vehicle, and personal investment and savings. Maybe it's not that things have changed that much but that we've forgotten the formula. Like we keep beating our heads on the wall insisting that 1+1 has always been 3 but the catastrophic shift in socio-economic policy has somehow warped the relationship.</p></blockquote><p></p>
[QUOTE="bbsam, post: 711086, member: 22662"] NPR had a piece today about defined pensions and their demise over the last several years. According to them, retirement never really was to be paid for from one source. From it's inception Social Security was to account for 1/3, a pension or other employer provided savings vehicle, and personal investment and savings. Maybe it's not that things have changed that much but that we've forgotten the formula. Like we keep beating our heads on the wall insisting that 1+1 has always been 3 but the catastrophic shift in socio-economic policy has somehow warped the relationship. [/QUOTE]
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