Recovery Built on Retirees' Backs

The "Greenspan squeeze" is ready to put your retirement income in a vise.

This is my name for a series of moves orchestrated by Federal Reserve Chairman Alan Greenspan and embraced by a spineless, budget-busting Congress that will reduce the cash flow that just about everyone will have in retirement. At its worst, the Greenspan squeeze has the potential to turn a modestly comfortable retirement in old age into poverty.

But if you start planning now -- and if you're lucky -- you could avoid having your retirement goals caught in the wringer. ...