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Goodbye, 401(k)s
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2018-01-26 10:02:20
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}A daily digest of opinions and analysisHello, Guaranteed Retirement AccountsYes, says Justin Fox, there's a way to provide an adequate retirement for everyone, not just the affluent. An economist and a private-equity executive propose a mix of wage contributions, tax breaks and federally guaranteed annuities -- to eliminate the disparities of 401(k)s and IRAs.Trump Under Oath? It Isn't PrettyIf history is any guide, the president's offer to testify in the Russia inquiry could lead to quite a show. In a 2007 deposition in a libel case, Donald Trump was underprepared and overconfident. Incidentally, Timothy O'Brien points out ... Trump lost the case.Europe's Youth Have Good Reason to Be MadGenerational inequality has been rising. Ferdinando Giugliano writes that it is now a major challenge to European growth and social cohesion.Memo to MnuchinThe Treasury secretary intimated that the U.S. might no longer be fixated on a "strong dollar" policy. But wait. Matthew Winkler reminds him that the dollar is weak already. Investors were bidding up the euro during Trump's first year.Ritholtz's ReadsWill Millennials Kill Costco? (Washington Post)How to See the Hidden Risks of ETFs (CFA Institute)How Hedge Funds (Secretly) Get Their Way in Washington (Bloomberg Businessweek)(Read Barry Ritholtz's full daily news roundup here.)Bloomberg GadflyHow 3M sticks togetherSports may be the ticket for FacebookThe U.S. can't weaponize the dollar(Read more from BV's sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe
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