Book description
A comprehensive look at the crisis of unfunded pension liabilities and what must be done to avoid the same problem in the future
As the generational bubble of the Baby Boomers begins to retire, it is increasingly evident that governments, corporations, and individuals have failed to adequately prepare for the obligations and needs of this giant cohort. Retirees are outliving actuarial life expectancies, pension liabilities are skyrocketing, pension plans are underfunded, and medical costs rise, the United States alone can expect unfunded liabilities to exceed $4 trillion.
Even while the American economy shows signs of sustained recovery, states and local governments will still experience sharp increases in pension fund payments through the next year or longer. Global Pension Crisis looks at this situation and offers practical advice for retirement plan managers and financial advisors, while also explaining how to strengthen pensions and prevent similar crises in the future.
Offers a clear and comprehensive explanation of the current pension crisis for retirement fund managers, financial advisors, and economists
Includes prescriptive guidance on how to strengthen the pension fund system and prevent another similar crisis
Written by venture capitalist, entrepreneur, and former senior Wall Street executive Rich Marin
Table of contents
- Cover
- Series
- Title Page
- Copyright
- Dedication
- Foreword
- Preface
- Acknowledgments
- About the Author
- Chapter 1: Your Worst Nightmare
- Chapter 2: Dimensioning the Problem
- Chapter 3: You Can't Build Your Walls High Enough
- Chapter 4: Money Matters
- Chapter 5: Reinventing Retirement
- Chapter 6: Alternatives Are Not Only for the Rich and Famous
- Chapter 7: The Long and the Short of It . . . Trust Me
- Chapter 8: Liability-Driven Alpha
- Chapter 9: Power Tools for Pensions
- Chapter 10: The Poverty of Nations (Apologies to Adam Smith)
- Chapter 11: The Ultimate Solution
- Chapter 12: A Peaceful Night's Sleep
- Works Cited
- Index
Product information
- Title: Global Pension Crisis: Unfunded Liabilities and How We Can Fill the Gap
- Author(s):
- Release date: October 2013
- Publisher(s): Wiley
- ISBN: 9781118582367
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