Or perhaps you do not know much about your retirement savings account options beyond the 401(k) plan offered by your employer — and have ended up just defaulting to that.

Make it personal! Touting retirement plan options tailored to employees' needs is key. Employees are turning to their employers as the epicenter for financial information and desire advice on ...

A personal pension plan is a type of long-term savings scheme where individuals contribute funds that are invested to provide income upon retirement. Unlike workplace pensions, personal pensions ...

August 20, 2023 at 2:00am BST. I’VE covered the key psychological plans for retirement and what income you may need in retirement, so here, in my third column covering retirement, I’ll look at ...

A Roth retirement plan. A Roth 401(k) is identical to the traditional version in almost every way except contributions are made after-tax. This means that while you pay taxes on the money you are ...

Cash balance pension plans became popular in the late 1980s and early 1990s, especially with companies such as IBM, Xerox and AT&T, which at the time had large liabilities in their traditional ...

Q: I am 62 and will likely retire at age 65. I have $336,000 in a 401(k) account and a house worth around $450,000. We owe about $217,000 on the mortgage. We have no other debt. I am also one of ...

Pension plans typically offer two disbursement options: an annuity, which provides steady payments over time, or a lump-sum payment. Each option has its pros and cons, and the best choice will […] ...

The retirement paycheck, a staple of the old-fashioned pension plan, is staging a comeback. This time, it is inside the 401(k). Employers are starting to offer annuities inside 401(k) plans to ...

When National Treasury’s discussion paper on pension options was written, guaranteed annuity prices were such that the proposed threshold of R1.5 million was sufficient to buy an income of R5 ...