IQuestions on retirement for best-selling author John Nelson. Read excerpt below:

October 23, 2008

By DAVE CARPENTER, Associated Press Writer
South Bend Tribune

CHICAGO — The classic three-legged stool approach to retirement security of employer pension, Social Security and personal savings is looking wobblier than ever these days.

Traditional pensions are fast disappearing, the long-term outlook for Social Security is cloudy and retirement accounts have been walloped by stocks' steep decline. The turmoil in financial markets has wiped out some $2 trillion from Americans' retirement accounts since the middle of 2007, the Congressional Budget Office said earlier this month — more than 20 percent of their value.

"This is certainly the most uncertain time in many decades for people approaching retirement," said John Nelson, co-author of "What Color Is Your Parachute? For Retirement" with Richard Bolles of the best-selling "What Color Is Your Parachute" career guide.

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