The Pension Crisis Is Here… (Did You Know?)

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Take a few minutes and watch this RTD educational documentation the “The Pension Crisis Is Here… (Did You Know?)”. Share your thoughts below on how the impact of underfunded pensions around the country will impact senior citizens now and in the future? Should we continue to honor a broken promise that will destroy the well-being of next the generation?

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DISCLAIMER: The financial and political opinions expressed in this interview are those of the guest and not necessarily of “Rethinking the Dollar”. Opinions expressed in this video should not be relied upon for making investment decisions and do not constitute personalized investment advice. The information shared is for the sole purpose of education.



20 thoughts on “The Pension Crisis Is Here… (Did You Know?)

  1. dagda825 September 29, 2017 at 12:17 am

    Great video. Your video about 401(k)s was telling as well. I'm betting the government will steal the IRA and 401(k) accounts via your proposition that everything will become a ROTH IRA and they'll tax everyone at once to help cover the shortfall. I wonder if they'll try some kind of VAT in the near future as well. What do you think RTD?

  2. Bill Rundell September 29, 2017 at 12:17 am

    The pension problem was caused by the banks with
    a 1% interest rate for the last 10 years to fix the
    mortgage problem.
    Bail-in's from Federal reserve to cover the pension mishandling.

  3. alnot01 September 29, 2017 at 12:17 am

    Here is the problem. The following data pertain to state & local govt. DB pension plans. Data are in billions of US$, as of yearend.

    2007 2016 Change

    3296 3831 535 Total assets of DB plans
    1876 2237 361 Part of DB assets consisting of corporate stock
    293 1933 1933 Unfunded liabilities

    Keep in mind that the value of a stock portfolio can rise in two ways: (1) buy more stock, and (2) a rise in stock prices.

    Since late 2007 to yearend 2016, the stock market rose about 3.8x, if dividends are reinvested. But the value of stocks held by S&L DB plans rose only about 20%. Hence pension obligations were met not out of current state revenue and by selling debt, but by selling stock, the pension asset with the greatest potential for growth. If stock holdings had merely doubled in value, there would have been no meaningful rise in unfunded liabilities. If stock holdings had tripled in value, these DB plans as a group would have been overfunded. What a waisted opportunity. All this points to state and local governments grossly mismanaging their liquidations as well as their investments.

  4. Rick White September 29, 2017 at 12:17 am

    i guess i will work my 2 jobs till i die

  5. Doomsick September 29, 2017 at 12:17 am

    Its more like the sky is falling. The biggest problem is mismanagement.

  6. John G September 29, 2017 at 12:17 am

    We all should pay in to a 401 that way it's all the same

  7. John G September 29, 2017 at 12:17 am

    I know a retired. FBI officials his mouthy retirement plan is 6500 mounts his my age 55 he will receive that for the rest of his life from the tax payers you my not right receive yours or mine

  8. alnot01 September 29, 2017 at 12:17 am

    Given an owned home (downsized if necessary) and if one retires in a county seat town or a provincial city like Little Rock or Chillicothe, one should be able to get by on $3000/month. Having expenses slightly exceed income is not a problem, if one has some savings one can draw on. A deficit of $300/year is really not a problem a problem at all.
    The fact that many USA defined benefit pension plans are marching to a grave crisis IS a problem. Solving this problem will surely require cutting the benefits of future retirees, esp. the benefits of thos currently under age 50. Cutting the benefits of those already retired and being paid under 40K/year will be a last resort. I do expect, however, that retirees will have Medigap coverage reduced or cancelled.
    All state and local government employees should be enrolled in Social Security and Medicare immediately.

  9. Child of God September 29, 2017 at 12:17 am

    I remember my dear dad becoming concerned by this even then why back in early 70's… this money paid in they have to pay it even if they have to stop government program's people!!

  10. Terri September 29, 2017 at 12:17 am

    Excellent video…….he explains what's going on really well!!!

  11. Construct Dizmal September 29, 2017 at 12:17 am

    When they take my SS deduction from my pay, they make it a contract. If I cannot get what I paid in plus interest, then I'll just take what I put in. Oh, it's not there? Why? Because We've been had, robbed and swindled.

  12. Silva Silva September 29, 2017 at 12:17 am


  13. Silva Silva September 29, 2017 at 12:17 am

    why the government NEVER say anything about finish WELFARE??? this is B.S!!!

  14. Clint Pot September 29, 2017 at 12:17 am

    I was reading about Calpers – the California pension fund. They projected their numbers for the last several decades assuming they could make 8% return each year! Who makes 8% per year? No wonder they are going broke.

  15. Dennis Jemison September 29, 2017 at 12:17 am

    Your Very GQQD at What U Do Brother!!! Keep It Up as I Love your Channel!!! God Bless Us All…Amen!!!

  16. 2001lextalionis September 29, 2017 at 12:17 am

    The Social Security TRUST fund while essentially EMPTY does have a large IOU backed up by the full faith of the US govt.
    I reckon the money will be there as long as the govt can continue to borrow. The key word being "faith".
    SSN/Medicare escalating costs are an issue but pale in comparison to the out of control military expenditures brought to our attention by Eisenhower. Legacy military spending including vet pensions and healthcare will bankrupt us long before SS will. Obviously just my opinion, but I think it needed to be said as I didn't see much about military spending in an otherwise very nice presentation.
    Thanks for posting mate

  17. See Canon September 29, 2017 at 12:17 am

    My moms SSDI pays her house mortgage and two other utility bills. She gets $788 a month and her Medicare is paid by Medicaid. She gets SNAP. If I pay something, it's counted as income and she looses some of her food. I buy her things for her to return to the store so she has pocket money. Sad state of living. She worked any job she could when I was a kid and now she goes hungry.

  18. Patrick Lumumba September 29, 2017 at 12:17 am

    Great vid its hard for people to wrap there minds around these facts.

  19. metalfreaks77 September 29, 2017 at 12:17 am

    Another awesome video. Subbed. Thanks!

  20. Gary Weaver September 29, 2017 at 12:17 am

    I have a bunch of cats I could eat

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