Are you worried about your pension fund?

That is still a lot of money to some people $250.00 a month on top of their Social Security. I know that there are many people who have only their Social Security to survive on. Not every company has a Pension Plan. So people have to try and save a little bit each money of their own money.

I have many friends whose pension funds were TOTALLY invested in Enron stock. When Enron went belly up, they all lost their pension funds. Many were already in their 50's when this happened and had to then start saving for their retirement. I'm glad that my husband's pension plan was NOT invested in Enron or totally in any one stock. I do not have a company-sponsored pension plan, but I do have a Roth IRA (individual retirement account) and put money into it each month. I've worked for a financial planner for 6 years now, and his knowledge has been a big help in retirement planning for us. There's no way that most people can live on Social Security alone when they retire. I'm still trying to get my son and daughter (in their 40's now) to start an IRA while they're fairly young, or they'll regret it when they get older. Of course, they have kids and many expenses that we no longer have, and they haven't put my suggestion on the front burner yet.

Gee, I thought it was only in the U.S. that these kind of shenanigans were going on. Isn't Brown in line to be the next PM in Britain, or am I confusing him with someone else... I've been saving on my own in addition to my company's savings, most of which I already have possession of in accounts until I retire. I should be OK unless the world economy collapses, in which case having money wouldn't matter anyway; we'll all be foraging for nuts and berries in city parks!

Pensions are something that should be of interest to all working people. I'm lucky, I'm over the retiring age but have a very good job in a foreign country that I love, so I won't retire just yet. However I know I have a guaranteed income when I return to Australia. I'm so concerned about this, I started a similar discussion as this recently.

Yes, Im worried about social security and every thing we are gonna need when we all retire. The government doesnt seem to take the working man that works so hard all of his life seriously. why should we have to worry when we retire? We have enough worried getting through life just to retire. We should not have to worry about how we are gonna survive after retirement. My husband and I discuss this alot because he can retire in 12 years at 62 but can we make it and will there be any funds for him when he does. It is rediculous how hard you have to work and have to worry the whole time afterwards, how will I survive?

I am worried with companies taking away 401k from their employees and the United State's own Social Security fund in trouble. That is why early retirement investing is crucial these days. I am also trying to get myself some Residual income. That would be my vehicle to have a more secure retirement.

Well, that is so sad and I really feel bad for those people. I hope something will be done about that, so those poor people won't loose their retire money and all.

I am worried about my pension plan, because I don't have any with any companies, only the provincial governement, and that is not nearly quite enough. I should invest in a REER, but never seem to have enough money to put in every week.