Shift from Pensions to 401k: Masters in Business
Market Intelligence Analysis
AI-PoweredThe article discusses the shift from pensions to 401k plans, where individuals are now responsible for their own retirement savings, and a proposal for a program to encourage early savings through a $1000 deposit for newborns.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
Barry speaks with Zach Buchwald, Chief Executive Officer and Chairman of Russell Investments, about his career in investing. They discuss the creation of the smart beta philosophy. They also discuss the transition from pensions to 401ks for retirees, and the way the onus for investing has moved to the individual. Zach also describes his proposal for a program, that is now in effect, for a $1000 to every newborn who's parents open a count to show the importance of compounding. (Source: Bloomberg)
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