I’m a big fan of “Saturday Night Live,” particularly its Weekend Update segment with Seth Meyers. Every now and then, Meyers is joined at the anchor desk by former Weekend Update co-anchor and “SNL” star, Amy Poehler. Together, they host a snarkfest of a segment called “Really?! With Seth & Amy.”
I channeled “Seth & Amy” when I read research from the Investment Company Institute that – even while noting the drop in active DB plan participants from 27 million in 1989 to 17 million in 2010 – concludes that “the extent to which previous generations of retired households relied on income generated by private sector DB plans is often exaggerated,” and that consequently, the move from a defined benefit world to a defined contribution world “is unlikely to reduce retirement preparedness.”
