Summary: Many have personal experience where their 401Ks have tanked. Savings are all gone. For retirees who are now too old, tired or sick to work. Now this! A March 14 article in The New York Times titled Why I Am Leaving Goldman Sachs is likely to become viral. Goldman Sachs ”Greg Smith is resigning as a Goldman Sachs executive director and head of the firm's United States equity derivatives business in Europe, the Middle East and Africa”. This is HUGE! Mr. Smith's reason “I hope this can be a wake-up call to the board of directors. Make the client the focal point of your business again. Without clients you will not make money. In fact, you will not exist. Weed out the morally bankrupt people, no matter how much money they make for the firm. And get the culture right again, so people want to work here for the right reasons. People who care only about making money will not sustain this firm — or the trust of its clients — for very much longer.” This should only serve to fuel the existing and growing distrust of the so called experts, and the public may increase their search for alternative ways to prepare for retirement. Join us for this discussion.
