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Letter "E" » Edward Wolff Quotes
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«Things are not looking good for retirees with the collapse of the defined benefit plans. In 20 years, the only people with these plans will be government employees.»
Author: Edward Wolff
«With IBM gone, it won't be long before a lot of other companies follow suit.»
Author: Edward Wolff
«It would be very unusual for workers to make up for the shortfall and it might certainly be a good way to shock people into saving more -- tell them they now have to put aside 12 percent of the earnings.»
Author: Edward Wolff
«It's a sweet deal for the firm. Most workers will wind up worse off as a result of the defined contribution plans. Some might be better off if they invest very well. Most people aren't sophisticated investors.»
Author: Edward Wolff
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