Workers are learning the hard way that the pension they thought would support them during retirement could be reduced or cut altogether. The recent bankruptcy filing of Detroit, Michigan, has reignited these fears.
Even if you are vested in a pension plan that “guarantees” you income for life after retiring, you may be surprised to learn that experts urge savers to take additional measures.
Here’s how to protect yourself. Watch Video >
*Video features CFP Board Ambassador Marilyn Capelli Dimitroff, CFP®
August 28, 2013