Many people dream of their retirement days. We hope that when that day comes, we can crack open that nice nest egg and have sufficient income stream to live comfortably. Perhaps take several vacation cruises here and there. To realize this dream, every worker plans his or her personal finances accordingly. Sure it sounds simple enough; however, the behind-the-scenes involved with retirement plans resemble something more like rocket science, especially for the plan sponsors and the professionals that serve such plans.
The rest of my January report for RW Wentworth can be obtained at the following link. The report goes over the controversial accounting method for pension costs to companies and covers the current situation that surrounds the problems with defined benefit plans.