How to Solidify Your Retirement Fund
The traditional three-legged retirement stool -- consisting of pensions, personal savings and Defined benefit pension plans, which have been disappearing for some time, are now on the verge of extinction. Just 8 percent of private employers offered pension plans in 2017, according to the U.S. Bureau of Labor Statistics. Employers have largely shifted to defined contribution plans that place the retirement savings responsibility on employees, and for 69.5 percent of these companies, a 401(k) is the plan of choice, according to Callan's 2017 ...
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