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Heroes Finance 101: Understanding Retirement Plans

Gone are the days of our parents and grandparents in which retirement after working for a company for twenty years earned you a gold watch, pension and comfortable golden years.  The removal of pension plans from most major companies has angered many, but if you put yourself in the shoes of the owners and/or managers of those companies it makes sense.

Pension plans were created when the average lifespan was decades shorter than they are today, and while breakthroughs in health and medical technology have helped our society by allowing us to live longer and watch our grandchildren grow up, it’s causing great strain on those financial plans which are being pushed longer than ever anticipated.

I’m a rather stubborn

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