Yes or no..Do you have a pension?  Many of us don't.

Employers are freezing pension plans.  Only about 19% of employers offer them.  If you don't have guaranteed sources of income in retirement- save, save and then save some more.  Your 401k or 403b plan is your nest egg-make sure to max it out!  Add money to your IRA or Roth IRA each year!  Your 401k plan and IRA will be your retirement.

A new study indicates most of us will die broke.

Ernst & Young LLP recently completed research on financial security in retirement. The study examines the retirement savings and other resources for Americans with $50,000 to $100,000 of preretirement income. It considers investment returns, volatility, healthcare expenses, and takes into account the eventual death of a spouse. The study concludes that households with a defined-benefit pension as well as Social Security and savings are far less likely to outlive their savings than households without a defined-benefit pension.

A couple with preretirement earnings of $75,000 that will have a pension has a 31 percent chance of outliving their assets. That couple without a pension has a 90 percent chance of outliving assets.

The study confirms what Alicia Munnell, director of the Center for Retirement Research at Boston College, has been warning for years - that a smaller role for Social Security benefits, rising Medicare premiums, and disappearing pensions will make the retirement of younger workers far more difficult than those of current and past retirees. Worse, in her book "Coming Up Short," she shows that 401(k) plans are a poor replacement for worker pensions.