The Coming Retirement Crisis

Richard DeMong

Can we count on Social Security? Did Baby Boomers save enough? What about Gen X and the Millennials? What is the future of 401(k)s, IRAs, mRAs? Will retirees have sufficient funds for health care and nursing home care? Are there any solutions other than working until you drop? Find out the answers to these and many more questions in this interesting podcast.

Rich DeMong is the University of Virginia’s Virginia Bankers Association Professor Emeritus after teaching investments and corporate finance at the McIntire School of Commerce for 37 years. He has a PhD from the University of Colorado, an MBA from William & Mary, and a BA in Political Science from California State University at Long Beach. He has authored or coauthored many research papers, books and monographs on investment and finance topics.

In addition to having retired from UVa, Rich retired from the United States Air Force as a colonel. He flew C-130s in Viet Nam and was awarded a Distinguished Flying Cross and many other medals and ribbons.

Rich has a CFA charter and has taught investment, 401(k), and retirement seminars in the U.S., Switzerland, Germany, Japan, Thailand, Kazakhstan, and the U.K.

Rich is the president of the Senior Statesmen of Virginia and is on the board of The Center, Charlottesville Committee on Foreign Relations, Innisfree, and the University of Virginia Physicians

Mr. DeMong spoke at the Wednesday October 10, 2018 meeting of the Senior Statesmen of Virginia. The meeting was held at the Senior Center in Charlottesville. Following the presentation, questions were taken from the audience. The program was moderated by SSV board member Bob McGrath.