The Texas Teachers' Retirement Fund was a big investor in the Station Casinos buyout. The fund wanted to boost its returns. The Fertitta Brothers, who now own a majority of the company, were also donors to Governor Rick Perry's campaign. And the governor appointed the board that changed the teachers investment strategy to more aggressive investment in real estate and bonds. We talk with the reporter who investigated how TTRF lost its entire $99 million investment.
Ah, the golden years! Retirement was supposed to be an indulgement for seniors, their reward after raising kids and working 9-to-5 all those years. But now experts say baby boomers can no longer afford retirement, and that seniors are working longer: the employment rate for workers over 55 is at an all-time high. Are you a senior? Why have you put off retirement? Have you taken on a job when you thought you'd be traveling the world? What costs are eating up your savings? What other options do you have for paying the bills? Share your story: 258-3552 or leave your comment below.