Lesson 4 Defined Benefit Plans
In this lesson, you learn the good, the bad, and the ugly about your pension plans, and how to maximize your benefits under your employer’s plans.
Pension Plans
Because you are going to be responsible for your own retirement in a sink or swim environment, you need to understand your pension plan. This means knowing how to calculate benefits, what happens if the plan fails, and how to maximize your own benefits under the plan.
At their best, pension plans offer automatic savings, economical and effective investment options, and tax deferral. A good pension can be a great way to accumulate toward your goal. Not everyone has a high-quality pension plan available to them, however. Not all pensions are created ...
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