Why Is A Pension Plan Important?
61667 POINTSContact Meview profileSteve SavantPROSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaA pension or retirement plan is important because you're basically paying yourself for your future lifestyle during retirement. By establishing a disciplines saving method, you can set aside monies for future income when you retire. Some pensions are qualified, others are non-qualified plans, while some are employer sponsored and others are individual plans.Answered on August 14, 2013+01+1 this answer
0flag this answerview more answers by Steve Savant- 61667 POINTSContact Meview profileSteve SavantPROSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaA traditional pension plan is generally categorized as a defined benefit plan. The old school convention was managing retirement to an established amount in the future. That was then. Now defined contribution plans are much more in vogue. Many government and private pension plans are operating with a short fall. Most advisers appear to be recommending defined contribution plans.Answered on September 10, 2013+01+1 this answer 0flag this answerview more answers by Steve Savant
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
