tag:blogger.com,1999:blog-5621914599310831423.post5580185804028407095..comments2024-03-28T09:15:32.976-07:00Comments on The Retirement Café: Three Degrees of BadDirk Cottonhttp://www.blogger.com/profile/05616143752082768155noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5621914599310831423.post-45715697249705324022017-11-29T14:15:52.217-08:002017-11-29T14:15:52.217-08:00I hope concern is growing; the risk certainly is.
...I hope concern is growing; the risk certainly is.<br /><br />Elder fraud is off-topic for this particular post, but I have addressed it in many posts in the past. It is also included in my recent risk of retirement risks.<br /><br />Thanks for writing!Dirk Cottonhttps://www.blogger.com/profile/05616143752082768155noreply@blogger.comtag:blogger.com,1999:blog-5621914599310831423.post-25644372936109796922017-10-24T21:45:05.855-07:002017-10-24T21:45:05.855-07:00This article is well written and provides the read...This article is well written and provides the reader with incentives to better protect their financial assets, but Mr. Cotton failed to address a growing concern for retirement investors today, that being financial fraud. Most frauds are perpetrated outside the "market risk" profile, usually involving plan providers selling their off market proprietary funds to unwary 401k investors.<br /><br />This practice contributed heavily to the millions of investors who experienced "plan failures" during our last financial crisis of 2008-2009.<br /><br />Unless the buying public is educated and made aware of this conflicted practice, history will repeat itself in the next financial collapse as well. Dennis Myhre, AIChttp://www.fiduciaryfactor.comnoreply@blogger.comtag:blogger.com,1999:blog-5621914599310831423.post-81381707678245054742017-09-08T09:25:35.452-07:002017-09-08T09:25:35.452-07:00If your pension fails, you should contact the Pens...If your pension fails, you should contact the Pension Benefit Guaranty Corporation. While you will not necessarily recoup 100% of your pension, someone whose total income is no more than $50,000 probably has a smaller pension making it more likely that they will end up being made whole or closer to it than someone whose pension alone is $50,000+. Anonymousnoreply@blogger.com