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:
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401K plans
The 401K plan is a defined contribution pension plan that is offered to employees of a company. It is used for participants to save over the long term for retirement. It is used as a supplement to social security for some people and for some it is used as an investment for retirement. You can start to withdraw funds at age 59.5 before the normal age 65 retirement age.
You can get this 401K first aid kit to help you get started-(coming soon so sign up now).
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