This article also highlights the point that defined contribution plans are a really good deal for Wall Street (triple the fees of institutional plans) and really bad deal for most individuals.
tax.com: Really Bad Reporting in Wisconsin: Who 'Contributes' to Public Workers' Pensions?:
tax.com: Really Bad Reporting in Wisconsin: Who 'Contributes' to Public Workers' Pensions?:
Good rules for journalists and for investors.
"And what are these two rules for journalists?
Rule One: Check it out. Be so skeptical that if your mother says she loves you, check it out.
Rule Two: Cross check again and again until you not only know the facts, but can put them in proper context and understand all sides so well that their perspective gets proper weight and lecture, or as I like to say, everyone recognizes their oar in the water."
Rule One: Check it out. Be so skeptical that if your mother says she loves you, check it out.
Rule Two: Cross check again and again until you not only know the facts, but can put them in proper context and understand all sides so well that their perspective gets proper weight and lecture, or as I like to say, everyone recognizes their oar in the water."
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