Posts Tagged ‘retirement’

Houston We've Got a (Pensions) Problem

Houston We’ve Got a (Pensions) Problem

By The Banker | Blog Posts, Texas

Houston’s three public pensions may not be in total distress today, but some of the instrument panels are beginning to flash orange. One of the warning signs is the hit to the city’s credit-ratings earlier this year, as Moody’s Investors Service downgraded the City of Houston’s debt on March 16 2016. You might guess that [&hellip

Public Pensions - The Big Four In TX

Public Pensions – The Big Four In TX

By The Banker | Blog Posts, Texas

A key reason why I started a discussion of public pension funds in Texas by saying “Don’t Panic” is because 88% of Texans covered by a public pension plan are participants in one of just four plans, and the good news is that none of these four are in distress. Right now.  The largest four [&hellip

Public Pension System Heuristics

Public Pension System Heuristics

By The Banker | Blog Posts, Texas

Douglas Adams’ Hitchhikers Guide To The Galaxy famously advised us on the book cover “Don’t Panic,” and I think that’s a useful starting point for discussing public pensions in Texas. You see, I started by wondering “should we panic?” when I began a personal project of studying public pension, for a variety of reasonable suspicions, [&hellip

Dallas Pension Plan - An Example of What Can Go Wrong

Dallas Pension Plan – An Example of What Can Go Wrong

By The Banker | Blog Posts, How Not To Invest, Texas

I’ve become a bit obsessed with public pensions this month.[1] As a lesson in how pensions can go wrong, I began looking into the Dallas Police and Fire Pension System. Dallas’ Police and Fire Pension ranks as the tenth largest in the state and easily qualifies as the most dire, according to the usual metrics [&hellip

A Retirement Rule and Its Limitations

A Retirement Rule and Its Limitations

By The Banker | Blog Posts, How Not To Invest, Personal Finance, Texas

I’ve done no general-population polling on the question “Do I have enough money set aside for retirement?” but informally I’d guess the US population would break down as follows: 1% – “Oh, yes, definitely,” 19% – “I hope so, but I’m not sure,” 80% – “LOL” If you’re in the 99 percent uncertain category, as [&hellip