Money for The Rest of Us

Investment help and financial guidance for the rest of us.

  • Podcast
  • Guides
        • Asset Classes

        • A Complete Guide to Investing in I Bonds and TIPS (2025)
        • A Complete Guide to Equity REIT Investing
        • A Complete Guide to Mortgage REIT Investing
        • A Complete Guide to Investing in Gold
        • A Complete Guide To Investing In Convertible Bonds
        • Investing in Bitcoin, Oil, and Volatility ETFs
        • Carbon Investing and its Effect on Climate Change
        • Farmland Investing
        • The Opportunity and Risk of Frontier Markets
        • Investment Vehicles

        • A Complete Guide to Investment Vehicles
        • How to Invest in Closed-End Funds
        • What Are SPACs and Should You Invest in Them?
        • Money and Economics

        • A Complete Guide to Understanding and Protecting Against Inflation
        • Understanding Web3 Investing
        • Strategy

        • Why You Should Rebalance Your Portfolio
        • What Is Risk vs Uncertainty?
        • Tail Events and Tail Risk
  • Resources
        • General Resources

        • Topic Index
        • Glossary
        • Most Influential Books
        • Member Tools

        • Member - Getting Started Guide
        • Asset Allocation and Portfolio Tools
        • Current Investment Strategy Report
        • All Investment Conditions Reports
        • Strategic and Adaptive Model Portfolios
        • Member Tools and Downloads
        • Member Resources

        • Plus Premium Episodes
        • Submit A Question to the Plus Podcast
        • Member Forums
        • David’s Current Portfolio
        • David's Portfolio Trades
        • Courses

        • Investing in Closed-End Funds
  • Members
  • Join
  • Log In
You are here: Home / Archives for pensions

497: How to Fix the Retirement Savings Crisis

October 16, 2024 by Camden Stein · Updated November 26, 2024

Why 401k and other defined contribution schemes are flawed, leading to a generation of workers unprepared for retirement. What are the solutions to fix the mess. Topics covered include: Why 401k and other defined contributions haven't worked, despite their popularity Why defined benefit pension plans declined Why 401k plans are treated like emergency funds How to combine the best of 401k and defined benefit pension plans Show Notes The Shift that Redefined … [Read more...]

Filed Under: Podcast Tagged With: 401k, defined benefit plans, defined contribution plans, pensions, retirement, retirement investing, retirement planning, retirement savings

441: What If Social Security Had Been Privatized?

July 26, 2023 by David Stein · Updated August 9, 2023

In 2005, Congress debated giving U.S. workers private savings accounts to invest their Social Security contributions in the stock and bond markets. Sixteen years later, we review how that would have worked out for workers. Topics covered include: How the public and private sectors are both critical for a functioning social security systems Which countries pay the highest social security benefits How have other privatized social security plans worked out around the world How … [Read more...]

Filed Under: Podcast Tagged With: 401k, defined benefit plans, defined contribution plans, pensions, Social Security

405: When Volatility Spikes, Financial Things Break

October 12, 2022 by David Stein · Updated March 15, 2023

What is volatility and what causes it to rise and fall? How volatility itself contributes to more volatility such as in the example of the chaotic UK government bond market where long-term yields have increased by 4% in 2022. Topics covered include: How the role of volatility has changed in financial markets What caused UK interest rates to spike and long-term bond investors to lose 50% What is liability-driven investment What drives increases in volatility and volatility … [Read more...]

Filed Under: Podcast Tagged With: liability-driven investment, pensions, United Kingdom, volatility

398 Plus: Immediate Annuities, Mortality Credits, Leveraged ETFs, and Valuing Pensions

August 20, 2022 by David Stein · Updated September 7, 2022

In Plus episode 398, we analyze how much immediate annuity payments have increased as interest rates have risen. We review why payouts on immediate annuities are higher than on a bond ladder. We consider why some leveraged ETFs and ETNs survive and others don't when markets decline. Finally, we look at whether pensions can be considered part of one's net worth, and how to value them. … [Read more...]

Filed Under: Uncategorized Tagged With: bond ladder, ETFs, immediate annuities, leveraged ETF, mortality credits, pensions, Social Security

365 Plus: Three Member Profiles – A Pension Decision, College Tuition Investment, and a Retirement Portfolio

November 13, 2021 by David Stein · Updated November 17, 2021

This week on Plus Episode 365, we help a member decide whether to take a lump-sum pension distribution today, start drawing on the pension today or take a lump sum or draw on the pension in the future. We review investment options for a member who will be paying college tuition in the next two years. Finally, we review a retirement portfolio to see if it is invested too aggressively. … [Read more...]

Filed Under: Money Plus Tagged With: college, member portfolio review, pensions

356 Plus: September 2021 Investment Conditions, Valuing Pensions, and Maximum Drawdowns

September 7, 2021 by David Stein · Updated September 13, 2021

In Plus Episode 356, we review economic trends, asset class valuations, and market internals as of early September 2021. We consider how to value a pension and how to incorporate it into an asset allocation. Finally, we review how maximum drawdown calculations are determined for the Money For the Rest of Us Plus asset allocation model and how frequently maximum drawdowns occur, using the S&P 500 Index as an example. … [Read more...]

Filed Under: Uncategorized Tagged With: maximum drawdown, pensions, stock market returns

295 Plus: I Bonds, Pension Lump Sums and Speculating in Art

April 25, 2020 by David Stein · Updated April 29, 2021

In Plus episode 295 for the week of April 25, 2020, we walk through the process of buying a Series I Savings Bond. We answer a member's questions about taking a lump sum pension payment and review how that payment is determined. Finally, we review art as a speculation. … [Read more...]

Filed Under: Uncategorized Tagged With: art investing, defined benefit plans, I-Bonds, lump-sum pension distribution, pensions, savings bonds, Series I savings bonds

269: How the Public Sector Pension Crisis Will Impact You

September 18, 2019 by David Stein · Updated May 20, 2021

Why most state and municipal pension plans are underfunded and why that could lead to higher taxes and reduced government services. Why participants in state government retirement systems have greater protection against benefit cuts than participants in municipal retirement systems. In this episode you’ll learn: How defined benefit plans work.Why there is more subjectivity regarding valuing a pension plan's liabilities compared with its assets.What does it mean for a … [Read more...]

Filed Under: Podcast Tagged With: bankruptcy, defined benefit plans, defined contribution plans, municipal bonds, pensions, public pension plans

163 Plus: Federal Reserve, Pension Crisis and Is There Enough To Retire

July 1, 2017 by David Stein · Updated May 24, 2021

This week July 1, 2017 on Money For the Rest of Us Plus we learn how bank reserves at the U.S. Federal Reserve will be reduced as the central bank reduces its holdings of U.S Government bonds. We use the tools on Money For the Rest of Us Plus to analyze whether a member will have enough to retire. We explore the severity of pension fund crisis for U.S. states and municipalities as well as for U.S. businesses and the potential fallout from the crisis. Finally, we take a brief look at a … [Read more...]

Filed Under: Uncategorized Tagged With: bank reserves, defined benefit plans, Federal Reserve, member portfolio review, pensions, public pension plans, quantitative tightening

Are Pension Plans A Dying Retirement Model?

November 10, 2014 by David Stein · Updated June 23, 2020

Many companies are shuttering their pensions and replacing them with defined contribution plans.  Here's why. Topics covered in this audio lesson include: What is the difference between defined benefit and defined contribution plans. Why companies have moved away from offering defined benefit plans such as pensions. How pension plans are managed. Why most pension plans are underfunded. The lesson length is 6 minutes. … [Read more...]

Filed Under: Audio, Audio and Video Lessons Tagged With: defined benefit plans, defined contribution plans, employee benefits, pensions

Contact | Team | Topic Index


Darby Creek Advisors LLC
P.O. Box 68544 • Tucson, AZ • 85737

Copyright © 2025 • Disclosures, Privacy Policy, and Cookie Policy • Site by Tempora

Manage Cookie Consent

We use cookies to optimize our website, marketing, and services. 

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
Manage Cookie Consent
We use cookies to optimize our website, marketing, and services. We never sell users' data.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}