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I work for an actuarial firm whose biggest client is CalPERS incidentally, I'm too busy right now to effortpost on it (and not sure how much I should really say) but uh, yeah...it's not very well managed. At all. It's downright aggravating. And it's also not unusual. Public (especially municipal) pension plans in general suffer from politicians figuring they can promise pension benefits now and someone else will be paying for them later; as a result they tend to be both very generous and underfunded. The short version is, Roth IRAs are your friend. Start one.
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# ¿ May 20, 2014 19:23 |
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# ¿ Apr 27, 2024 09:41 |