My grandfather has two guaranteed benefit pensions: one FBI and one as chief of local police. But you're right, they're vanishingly rare for anyone in the priva

My grandfather has two guaranteed benefit pensions: one FBI and one as chief of local police. But you're right, they're vanishingly rare for anyone in the private sector under 80. Bankruptcy by medical disaster should be averted by Medicare and a supplementary plan, assuming it's late enough in life. Slightly earlier, and yeah, your savings can vanish.