On the other hand, even if your pension plan has the payout features you want, you should compare the income it ... a leading online provider of fixed-rate, fixed-indexed and immediate-income ...

401(k) plans offer personalized contribution schedules and are not at risk of underfunding like pensions. Investment choices in 401(k)s are flexible, allowing individuals to select options that ...

FotografieLink / Getty Images While many Americans struggle to save for retirement, elected representatives and senators in the U.S. Congress receive substantial pension benefits for life.