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Tag Archive: difference of pension plans compared 401ks

American’s Shift Away from Pension Plans May Have Unintended Consequences

American’s Shift Away from Pension Plans May Have Unintended Consequences

As our society continues to move away from pension plans to defined contribution plans such as 401ks, 403bs, etc., an entire generation could be faced with not having built enough assets to fund their retirement years. A great article by Steve Vernon was recently published on this topic – click here. In it, he describes the need for our current and future workers to push corporations to revisit defined benefit plans to attract and maintain the employees. Given that an immediate change is unlikely, it...

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