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 ...

Tens of millions of Americans are unable to save for retirement through their jobs. "That's not a gap — it's a crisis," one ...

401(k) Plans. For many US workers, the employer-sponsored 401(k) retirement plan offers a convenient and powerful way to build long-term savings. Commonly provided by for-profit companies, 401(k ...

Once you've saved for retirement, you'll need your nest egg to support you for as many as 30 years. For that, you need a ...

The answer is that, with some work, you can make the conversion and end with a plan that is “better than a pension.” To do that you have to become your own pension manager, requiring a new ...

Financial health of your pension plan provider. Some pension funds struggle with underfunding issues. To stay informed about your plan’s health, you can access the plan’s Form 5500 on ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Investopedia / Xiaojie Liu A defined-benefit plan is a retirement savings plan where the ...