Obstacles Facing Convergence of Wealth and Retirement at Work

For more than a decade following the 2008 financial crisis, one acronym embodied the investment landscape: TINA (there is no alternative). The logic behind TINA was that the Fed and most other developed nations’ central banks held interest rates near zero — and even below zero in some cases. As a result, Treasury, corporate, municipal, and international bond yields were extremely low for a decade.