Pensions served a valuable purpose in the past, but they rarely exist now and are handled differently by those who have one. In it's place (sort of) the 401K has carried employees' retirement funding. Alex Menassa, senior financial planner for Szarka Financial, explains to Tim Muma about the "pension pickle" some find themselves in. He also goes through the potential problems and solutions for those relying on a 401K for their future income.The information is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Therefore, the information should only be relied upon when coordinated with individual professional advice. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker Dealer, member FINRA/SIPC. Advisory Services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Szarka Financial are not affiliated. Cambridge and Szarka Financial are not affiliated. Fixed Insurance services offered through Szarka Financial.