Don’t Follow Zohran Mamdani’s Retirement Strategy

Don’t Follow Zohran Mamdani’s Retirement Strategy

Every time I hear someone say it is fine to skimp on funding your retirement account because the market is up, I die a little inside. So it was a painful day for me when New York Mayor Zohran Mamdani announced last week that the city would balance its budget in part by contributing $2.3 billion less to its pension funds.