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401K plans

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 Technorati Tags: 401k Contribution Limits, 401k maximum, 401K plans

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Post image for 401K – what is it? and why should you care?

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 [...]

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