Pension Plans: Definition and How They Differ From 401(k)s – Tina Orem

For some people, a pension is a route to retirement, but often it’s not the only way to get there. Here’s what pensions are, how they work and options if you don’t have access to a pension plan — or if the payouts will be too small to live off of in retirement. What is…

The article Pension Plans: Definition and How They Differ From 401(k)s originally appeared on NerdWallet.

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