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90-Second Financial Fix

Is your retirement watertight?

About the author

Kelsey Hubbard is a freelance broadcast journalist based in Connecticut. She is a former host of ABC News’ Money Matters and was a longtime host and reporter for The Wall Street Journal’s daily video business news shows.

Retirees: Danger ahead.

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.