Social Security

Some of the best laid plans develop crimps.  Take the Kinks and their song Lola for instance.  They recorded the song in 1970 (it became one of their most famous songs) but needed to re-record it in order to get airplay on the United Kingdom’s BBC.  You see, broadcasting is different in the UK.  The nat

Retirement goals are often met with a little help from friends, specifically those from subsequent generations.  Pensions are perfect examples.  As one works and contributes to defined contribution plans (think Social Security), the design of the scheme is rarely self-financed.  Outcomes tend to be best if the next generation is larger and wealthier than the one before it.