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Defined Benefit vs Defined Contribution Pension Plans

Along with paid vacation time off and health insurance, retirement benefits are probably the most sought after employer provided benefit. Pensions provide employees with the opportunity to accumulate the...

59 comments    advice finance money
74

Pension Plan Basics

A pension is an important component of retirement income. If you participate in a private pension plan operated by your employer or wish to enroll in one, understanding how such a plan works is important....

1 comment    finance money pension plan
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Types of Retirement Plans

The first step to understanding your retirement benefits is to find out what kind of retirement plan your employer has. There are two major types of plans,...

0 comments    finance retirement savings
53

Glossary of Retirement Planning Terms

401(k) Plan: In this type of defined contribution plan, the employee can make contributions from his or her paycheck before taxes are taken out. The contributions go into a 401(k) account, with the employee...

0 comments    finance money retirement
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