Roger Lowenstein talks about While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial Crisis.
From the bestselling author of Buffett and Origins of the Crash comes a wake-up call to the pension and retirement crisis facing America and the road map for a way out. Lowenstein is a columnist for Smart Money magazine- Book Passage
Roger Lowenstein, an American financial journalist, reported for the Wall Street Journal for more than a decade, including two years writing its Heard on the Street column, 1989 to 1991.
Lowenstein has published three books and co-authored one. In addition, he has written for many publications, including Smart Money and The New York Times. Lowenstein is a regular book reviewer for The New York Times and has written a number of major articles and cover stories for the The New York Times Magazine. He is also a director of Sequoia Fund.
Anyone planning for anything other then 100% self financing for retirement is working under a delusional precept. Your back up plans would include: family, friends, employer, charities, and government. In that order. This isn't doom and gloom. It is simple pragmatism.