Just a generation or two ago, the notion of retirement usually involved receiving a regular monthly check from your former employer after having put in 30 or more years of service. Today, individuals usually don’t have access to these types of plans, and instead are responsible for their own retirement planning through 401(k)s and IRAs.
The differences between the traditional employer-provided and today’s individual driven retirement plans can be significant. In general, the biggest difference is that one is essentially a “defined benefit” retirement plan, while the other is a “defined contribution” retirement plan.
Let’s take a look at these... Articles Tagged ‘defined benefit’
What’s the Difference Between a Defined Benefit Plan and a Defined Contribution Plan?
Just a generation or two ago, the notion of retirement usually involved receiving a regular monthly check from your former employer after having put in 30 or more years of service. Today, individuals usually don’t have access to these types of plans, and instead are responsible for their own retirement planning through 401(k)s and IRAs.
The differences between the traditional employer-provided and today’s individual driven retirement plans can be significant. In general, the biggest difference is that one is essentially a “defined benefit” retirement plan, while the other is a “defined contribution” retirement plan.
Let’s take a look at these...
Wednesday, February 11th, 2015
Just a generation or two ago, the notion of retirement usually involved receiving a regular monthly check from your former employer after having put in 30 or more years of service. Today, individuals usually don’t have access to these types of plans, and instead are responsible for their own retirement planning through 401(k)s and IRAs.
The differences between the traditional employer-provided and today’s individual driven retirement plans can be significant. In general, the biggest difference is that one is essentially a “defined benefit” retirement plan, while the other is a “defined contribution” retirement plan.
Let’s take a look at these... 
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