Home Is Where The Art Is Where The Money Is Not
Posted in STATE OF THE ARTS on November 18th, 2008 by Michael MehlIf you are not a city, state, or federal employee, odds are these days, you stand a good chance of losing your job, your home, or your pension; or all three. If you are a retiree, you probably don’t have a job -yet, your home is paid for, and your nest egg has become catfish batter. If you are a city, state, or federal employee, odds are you get to keep your job and whether you keep your home or not depends on your credit card habits. But regarding your pension plan, I suggest you take a good look at it because odds are, thanks to the convoluted investments in which city, state and federal pension managers have placed your cash, the affordability of your retirement is not a safe bet anymore; not by a long shot. By this reckoning many livelihoods are up against significant statistical odds of being wiped out.
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