Yea I read a few things about it and I think it is more like 5% or 6% nowadays. Also it doesn't factor in a huge market crash as it destroys much more of your portfolio when you take it out. As Raoul Paul said, its an entire retirement crisis in the waiting.
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There most certainly is especially since the pension funds are woefully underfunded. There is no chance they ever catch up. If they cant be solvent with the stock market at all time highs, there is no chance for them at all.
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