Market-leading rates after years of low returns on accounts meant the bonds had been expected to sell quickly.
In Galveston, Tex., the Alternate Plan provides a rate of return on retirement account contributions four to five times better than those offered by Social Security, without significant added risk.
In Galveston, Texas, the Alternate Plan provides a rate of return on retirement account contributions four to five times better than those offered by Social Security, without significant added risk.
And they assumed an inflation-adjusted rate of return on the accounts of 5.9percentt annually, which matched the assumption of Martin Feldstein, an advocate of retirement accounts and a top adviser to Governor Bush.
Even if low-income African-Americans earned the same rate of return on their accounts as high-income earners, they would have very different portfolios because of the disparate nature of their salaries.
By 2050, these will be about a fifth lower than they would have been under the previous system.The most serious weakness in the scheme is that the return on the accounts reflects the growth in average wages, whereas the underlying return from PAYG is the growth in the wage bill.
NorthRoad is off to a slow start, with a 10% composite annual return on its accounts, to 11.4% for the EAFE and 12% for the S&P 500.
Just months after he joined the bank, he promised an important client, Alberto Lopez, a wealthy farmer in Argentina, that he would generate a 21percentt return on one of his accounts.
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