What do the giant panda, the polar bear, and a pension plan have in common?
All three are nearly extinct.
Sadly, the dodo bird is extinct.
Extinct animals have organizations raising funds to save them. They have awareness campaigns, buttons, slogans, and adoptions.
But what of the pension plan?
Nope, gone for good.
In our grandparents’ day, people worked for the same company for 50 years and retired with a gold watch and a lifetime of pension income to support them during retirement.
In 2020, only 2.6 percent of Fortune 500 employers had pensions, down from 59 percent in 1998! Pensions are becoming increasingly endangered. Soon you will find pension plans on the extinction list, next to the Dodo bird.
What does that mean for you?
You may be on your own when it comes to your future… but we are here to help!
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