{"id":21338,"date":"2015-07-28T08:50:41","date_gmt":"2015-07-28T12:50:41","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=21338"},"modified":"2016-06-10T19:26:32","modified_gmt":"2016-06-10T23:26:32","slug":"will-hillary-clinton-adopt-hedgie-billionaire-john-arnolds-schemes-for-retirement-insecurity","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2015\/07\/28\/will-hillary-clinton-adopt-hedgie-billionaire-john-arnolds-schemes-for-retirement-insecurity\/","title":{"rendered":"Will Hillary Clinton Adopt Hedgie Billionaire John Arnold\u2019s Schemes for Retirement Insecurity?"},"content":{"rendered":"<p><em>Naked Capitalism<\/em> has the story <a href=\"http:\/\/Will Hillary Clinton Adopt Hedgie Billionaire John Arnold\u2019s Schemes for Retirement Insecurity?\" target=\"_blank\">Will Hillary Clinton Adopt Hedgie Billionaire John Arnold\u2019s Schemes for Retirement Insecurity?<\/a><\/p>\n<blockquote><p>The front-running scheme for \u201cretirement security\u201d \u2014 backed by billionaire John Arnold \u2014 looks an awful lot like it\u2019s \u201con the table\u201d because it guarantees that middlemen collect fees for \u201cmanaging\u201d what we used to call your \u201cnest egg.\u201d Will Hillary Clinton\u2019s campaign platform support it?<\/p>\n<p>Hillary Clinton Has Ruled Out Expanding Social Security.<\/p><\/blockquote>\n<div style=\"text-align: center;\"><div class=\"su-animate\" style=\"opacity:0;-webkit-animation-duration:10.0s;-webkit-animation-delay:0s;animation-duration:10.0s;animation-delay:0s;\" data-animation=\"bounceIn\" data-duration=\"10.0\" data-delay=\"0\"><span style=\"font-size: 200%; color: red;\">Don&#8217;t be lulled into thinking all plans are the same.<\/span><\/div><\/div>\n<pre class=\"plain\"><\/pre>\n<p>This is a warning to watch your wallets. The article is too filled with just pejoratives, and a little light on specifics, but it does warn us of things to watch out for. In fact, this plan might sound a little like the Modigliani\/Muralidhar plan or the one I proposed in my previous post in November 2013 <a title=\"Previous post\" href=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/2013\/11\/19\/elizabeth-warren-we-should-be-talking-about-expanding-social-security-benefits\/\" target=\"_blank\">Elizabeth Warren: We should be talking about expanding Social Security benefits<\/a>. However, the devil is in the details. The details in this case is all about the size of the fees. Large fees can turn a retirement plan from a saving grace (pun intended) to a disaster for the retiree.<\/p>\n<p>Here is a very simple test for any retirement plan. If any manager gets to be a billionaire by managing such a program, then the beneficiaries are being robbed. Those billions of dollars represent money that the beneficiaries should have had.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naked Capitalism has the story Will Hillary Clinton Adopt Hedgie Billionaire John Arnold\u2019s Schemes for Retirement Insecurity? The front-running scheme for \u201cretirement security\u201d \u2014 backed by billionaire John Arnold \u2014 looks an awful lot like it\u2019s \u201con the table\u201d because it guarantees that middlemen collect fees for \u201cmanaging\u201d what we used to call your \u201cnest [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[35],"class_list":{"0":"post-21338","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"tag-social-security","8":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/21338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=21338"}],"version-history":[{"count":6,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/21338\/revisions"}],"predecessor-version":[{"id":22798,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/21338\/revisions\/22798"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=21338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=21338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=21338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}