Thursday, May 27, 2010

Needed, Now: New Approaches to Financing Old Age - Knowledge@Wharton

How do you finance old age today? You may have to work into your 70s. That's what experts are now saying. With the decline of corporate pension funds and with people living longer than ever, you may outlive your savings. We certainly can't rely on Medicare and Social Security.

We all need to become financially more literate -- to understand the power of compounding (if we ever get higher interest rates again), investing for the long-run and the way annuities work.

Read more in this alarming article from the Wharton School.

Needed, Now: New Approaches to Financing Old Age - Knowledge@Wharton

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