With tax-free money market funds paying well under 1% (Vanguard’s Tax-Exempt Money Market is currently paying around 0.61%), it is hard to find a place to park cash if you are in a high tax braket. You can still find high yield savings accounts that pay around 2%, but that interest will be fully [...]
Over the last 50 years public pensions have gone from negligible equity exposure to averaging over 65% equity exposure with another 10% in alternative investments and only 25% remaining in bonds before the latest down turn.
This is going to hit the states and municipalities the hardest over the [...]
Pensions Dramatically Increased Risk Over 50 Years