The Benefits of Lifetime Income |
June 1, 2012 |
Annuity Basics, Cal Burgess, Index Annuities, Member Posts, Your Retirement
Written By: Cal Burgess, Retirement Servicing Group Today the traditional pension plan, or defined benefit plan, is a dream from the past. Outside of state or federal government jobs the pension is pretty much nonexistent. According to Forbes a 2010 survey by consulting firm, Towers Watson, found that between 1998 and 2010, the proportion of Fortune 100 companies offering pension plans fell from 67 percent to 17 percent. Instead, employees today count on their deferred compensation plan for retirement, which is causing their retirement age...
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Corporate Pension Plan Offerings Plummet While Defined Contribution Plans Skyrocket |
May 23, 2012 |
Retirement Planning
According to a survey by consulting firm, Towers Watson, the proportion of Fortune 100 companies offering defined benefit plans fell from 67 percent to 17 percent from 1998 to 2010. During that same time, defined contribution plans increased from 10 percent to 58 percent. Companies have been moving towards defined contribution plans such as 401(k)s in order to cut their costs. Unless you have amazing luck investing, the defined contribution plans will deliver less income after you retire compared to the defined benefit plans, which...
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