Retirement and its funding
By Norton Reamer and Jesse Downing
In the wake of the global financial crisis of 2007–2009, investment was on people’s minds. From the fraud perpetrated by Bernie Madoff, to the mortgage crisis of 2007 and 2008 and the inadequate yields on “safe” bonds, it seemed as if no part of the economy had been more unsuccessfully managed or regulated than the part related to investing for our families’ futures. And yet, in the ensuing years, the stock market was making new highs, borrowing money had never been cheaper, the credit and operating weaknesses of many industries were being corrected, and a sick economy seemed to…
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