As retirement looms, a sense of unease grips Generation X, often considered "America’s neglected middle child," which is facing a financial landscape that feels increasingly unstable. An AARP article highlighted the stories of people like freelance writer Gretchen Elhassani, 47, and university professor Mike Cundall Jr., 49, who represent the growing concern among their peers about securing a comfortable retirement. Despite diligent savings efforts, including contributions to 401(k) plans and Ro
With a few notable exceptions, the age of pensions is largely over in the U.S. Traditional defined benefit plans have replaced largely by defined contribution…
With a few notable exceptions, the age of pensions is largely over in the U.S. Traditional defined benefit plans have replaced largely by defined contribution retirement vehicles like 401(k) plans. A new study from the National Institute on Retirement Security, … Continue reading → The post Pensions May Actually Be Cheaper For Employers Than 401(k) Plans appeared first on SmartAsset Blog.
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