The February 2013 of Financial Planning magazine makes an interesting observation.
Back in 1985, some 89 of the Fortune 100 companies offered a traditional defined benefit pension plan to newly hired salaried employees. That has changed dramatically. Almost 30 years later, the pattern has completely flipped. In the Fortune 100 of today 89 now offer only account-based (defined contribution or 401(k)) retirement plans to new salaried hires. That places a big responsiblity on individuals and makes the need to financial planners even more acute. If you are on your own, don’t do this by yourself, contact a Certified Financial Planner.