Analysis of America's private pension system -- what's gone wrong and what's ahead for millions of aging baby boomers.
The New Reality
Millions on the brink of retirement have watched their 401(k)s plummet in value. Here's links to the financial turmoil's impact on retirement and what you can do.
What You Need to Set Aside
Forty million Americans now have 401(k) plans. Correspondent Hedrick Smith talks with experts about how people are handling this new do-it-yourself retirement saving system and the common mistakes they're making.
The End of Lifetime Pensions?
Troubled companies have dumped their underfunded pension plans, leaving the federal pension insurance system holding the bag. Hedrick Smith talks with experts about whether the private pension system can be protected.
Exploring the New Corporate Bankruptcy Strategy
Chapter 11 has become a strategic tool for troubled companies. Hedrick Smith talks with industry insiders about how it worked in the case of United Airlines, and whether it's time for reforms to protect workers' benefits.
Why Does Retirement Cost So Much?
An overview of the staggering amount of money experts advise having for retirement; one recommends saving 15 times your salary for the golden years.