Take Ownership of Your Retirement Before It's Too Late

Though Social Security cuts appear to be looming, it's not too late for Americans, namely millennials, to create a retirement plan they will undoubtedly need to make up for any pending reductions.

(Image credit: © Dan Brownsword 2012)

The traditional defined-benefit pension plan was a key component of many Americans' compensation packages until the 1980s. Employees could be confident that the combination of pension and Social Security benefits could adequately see them through their golden years. Except for certain public sector professions, such as police, firefighters and teachers, for most employees, pensions have gone the way of the typewriter.

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Patrick B. Healey, CFP® MBA
Founder & President, Caliber Financial Partners

Patrick Healey is the founder and president of Caliber Financial Partners and has over 20 years of experience in the financial services industry.