News / Article

What the difference between a pension and a 401K?

Source: https://shreveporttimes.com/story/news/local/blogs/2018/02/03/what-difference-between-pension-and-401-k/1084304001/ - Feb 9, 2018

Question: What is the difference between a pension and a 401K plan? I know they both have to do with retirement, but are they the same thing?

Answer: They are not.

In some ways, retirement planning is like a math problem. In reality, it is much more than a math problem, but there are similarities.

Let’s start out with math that even I can understand: 2 + 2 = 4.

CLICK SOURCE TO READ ARTICLE

Category: General Business