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Lets see now if we have all three legs of the stool to provide retirement income:

-- Social Security
-- personal savings
-- company retirement plan

Well, Social Security seems to be plugging along, even though we always get people claiming the sky is falling because of the baby boomers reaching retirement age.

Personal savings is a little iffy since the stock market is so low and house prices are so depressed.

Company retirement plans continue to be a shaky leg. Pension plans have disappeared, and company 401k contributions are very small due to the stock market.

So all-in-all, the only ones with a solid retirement foundation must be the AIG employees!



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About The Author

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    Compensation consultant Ann Bares is the Managing Partner of Altura Consulting Group. Ann has more than 20 years of experience consulting with organizations in the areas of compensation and performance management.

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