Working at a firm that provides a traditional pension plan doesn't mean you will get payouts in retirement. You will likely need to work for a specific number of years for the same employer before ...

Even though IBM stopped their match on 401(k) contributions, it does not mean that they have ... available in many more ...

Not very. The percentage of workers in the private sector whose only retirement account is a defined benefit pension plan is now 4%, down from 60% in the early 1980s. About 14% of companies offer ...

Pension income is usually level, meaning it doesn’t increase over time. Once you start the income stream at 65, that could be the same income at age 85, unless your plan offers an inflation ...

A defined benefit plan is often referred to as a traditional pension. “A defined benefit plan is a type of pension plan that is fully funded by employer contributions and is a promise to pay ...

Parsing the benefits of a pension vs 401(k) plan can be challenging, as these income-replacement vehicles are two very different animals. A pension is a regular, predictable, and guaranteed ...