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On this week’s Money Matters, Scott and Pat talk about the pension trouble facing government entities and companies like Pacific Gas and Electric. They also discuss the danger of using a retirement strategy based on just a few assumptions.

Scott and Pat take a call from a mother whose daughter has cancer and a lot of debt. She wants to know how to financially protect the grandchildren without the creditors taking the assets. A caller in Minnesota asks if an immediate annuity makes sense for his elderly mother. A retiree asks about Social Security’s windfall provision. A caller with $1.3 million wants protection from outliving his money.  

Ask a question by clicking here, or email Scott and Pat at questions@moneymatters.com.