Retirement System Headed for 3 Train Wrecks

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Festering problems with the U.S. retirement system need to be fixed, Vanguard founder Jack Bogle told the Morningstar Conference on Thursday.

“The retirement system faces not one train wreck, but three train wrecks,” Bogle said of the challenges confronting Social Security, defined benefit retirement plans and defined contribution plans.

Read more on CNBC.