Episode 223: How They’re Stealing Your Pension, Even If You Don’t Have One with Chris Tobe

Subscribe: Apple Podcasts | Android | RSS

In this episode, we ask:

Who is Chris Tobe?
What’s his story?
Have you read Kentucky Fried Pensions?
What about contracts?
What about excessive fees?
What about the tax payers?
What about the Chicago Police pensions?
Would you like to read the Twisted Priorities article?
What’s happened in Pennsylvania?
What about making a partial payment on a pension?
What about the pensioners?
What do we know?
What about cost of living increases?
What happened in the Detroit bankruptcy?
What about underfunded pensions?
What happens in bankruptcy?
How many pennies on the dollar are the pensioners likely to receive?
What other programs are underfunded?
What about social security?
What about money printing?
What’s the value of the money going to be?
Can states declare bankruptcy?
Can cities declare bankruptcy?
What about defined contribution plans, like 401(k)s?
What about target date funds?
What about private equity hedge funds?
What about the fees?
What about the scale of fees?
What about an example?
What came out of the mutual fund association?
What about a variable annuity?
What about expenses?
What about taxes?
What about full transparency?
What about public pensions?
What are the takeaways?
How destructive are 1% fees?
Is your pension transparent?
Are pensions going away?
What about the promise and delivery of a guaranteed lifetime income?

Chris Tobe, CFA, CAIA works as a pension investment consultant, expert witness, and author. His most recent book is “Kentucky Fried Pensions” and recently filmed with PBS Frontline on a Kentucky pension piece airing in October 2018. He is now working as a Chief Investment Officer with a Public Pension consulting firm out of New Orleans the Hackett-Group, where he has provided project consulting to a number of public pensions in MD, NC and TX.

From 2008-2012 he served as a Trustee and on the Investment and Audit Committees for the $14 billion Kentucky Retirement Systems.
From 2008-2009 he was a Sr. Consultant with New England Pension Consultants and worked with a number of public pension plans in Oklahoma, Missouri, Michigan and the District of Columbia. And was Former VP in 401k investments with AEGON 2001-2008.

He has written 4 books, dozens of articles and has been quoted in the Wall St. Journal, New York Times, Forbes, & Bloomberg. As a public pension trustee, he completed the Program for Advanced Trustee Studies at Harvard Law School and Fiduciary College held at the Stanford University.