Better than a 401K? Pensions or Defined Benefit Plans

by Fern LaRocca CFP®

in 401K,401k Contribution Limits,401K Maximum

This analysis  didn’t surprise me. The old time pensions or defined benefit plans as they are called are actually better for employees than 401K plans. Note the paragraph at the end that tells why more employers aren’t using them:

http://www.workforce.com/section/news/article/analysis-finds-defined-benefit-plans-outpace-401k-returns.php

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