It used to be relatively simple to plan for retirement: You’d just circle the date on the calendar when your pension was set to kick in and have your co-workers start planning your send-off party.
But that was then. These days, retirement planning is a lot more complex. The number of corporate pension plans has fallen dramatically over the past two decades — from about 92,000 single-employer defined benefit plans in 1990 to 29,000 in 2009, according to the U.S. Government Accountability Office. With the burden of paying for retirement shifting to individuals, personal savings and investments are becoming the primary source of retirement income.
Everyone who holds a pen has a Christopher Hitchens story, apparently.
Back in the late 1980s, when I was a 20-something unwed mother and an assistant editor at National Review, I debated Christopher Hitchens at the Yale Political Union.
The topic, as I recall, was South Africa.