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View Diary: $6.6 Trillion Retirement Savings Deficit Shows 401(k)'s No Replacement for Pensions (47 comments)

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  •  having saved with TIAA-CREF (8+ / 0-)

    since 1993, I'm sold on pensions managed by ethical managers.

    I see a very beautiful planet that seems very inviting and peaceful. Unfortunately, it is not.…We're better than this. We must do better. Cmdr Scott Kelley

    by wretchedhive on Fri Jan 25, 2013 at 07:33:37 PM PST

    [ Parent ]

    •  Aren't many of those (2+ / 0-)
      Recommended by:
      Odysseus, wretchedhive

      however.  And you haven't even TOUCHED on "competent".  I will skim lightly over a former employer who put the company 401(k) plan in with a crony who just happened to be connected with a fund manager already under indictment for corruption.  TIAA-CREF is an exception among other things because so many of its clients are public schools and universities with tight budget controls.  

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