Daily Archives: February 21, 2018

Why low returns are inevitable

WHEN the stockmarket is close to a record high, the chances are that recent returns will have been very strong. The terrible tendency among investors is to assume that those returns will continue. But the higher you go, the harder it is to keep rising at the same pace.  When I visited America for a story on pensions last autumn, ...

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Retired NYC sanitation worker makes $285K a year from pension

FILE: A retired New York City sanitation worker cashes in on a $285,047-a-year pension, The New York Post reported.  (Reuters) A former Sanitation Department honcho is pulling in an astonishing $285,047-a-year pension — more than twice what he was making on the job, according to newly released data. And that’s just one of dozens of huge pension payouts revealed in ...

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