Great article, what proactive steps as an advisor would you help your clients take if they had a concern about this?
What products would you recommend to help mediate any risk in this situation?
Thanks,
"Government employees may currently enjoy higher salaries and benefits than the private sector, but they have been given a false sense of security.
Whether you are a police officer, fireman, school teacher, or utility worker, you could have serious problems down the road.
Chances are that every major metropolitan area in the country is heavily in the red. This means that the jobs and retirement futures of millions of people are under threat.
[The only] option will be for ex-Federal governments to start reducing benefits and firing workers."
Here Comes the Pain: Detroit To "Significantly Cut Vested Pensions" For Retirees
What products would you recommend to help mediate any risk in this situation?
Thanks,
"Government employees may currently enjoy higher salaries and benefits than the private sector, but they have been given a false sense of security.
Whether you are a police officer, fireman, school teacher, or utility worker, you could have serious problems down the road.
Chances are that every major metropolitan area in the country is heavily in the red. This means that the jobs and retirement futures of millions of people are under threat.
[The only] option will be for ex-Federal governments to start reducing benefits and firing workers."
Here Comes the Pain: Detroit To "Significantly Cut Vested Pensions" For Retirees