Seeking Risk: The Fab Rick Show cover image

Embracing Technology, Addressing Risk

Seeking Risk: The Fab Rick Show

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What Are Legacy Costs?

Pension benefits exploded as a way of keeping current salary down so the managers could improve stock price. All of these legacy costs got pushed into the future and that future really hit around 2001-2002. If you're a young American or if you're young, most young earthlings are not getting defined benefit pensions. To find benefits, you're just taking so much risk on yourself.

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