How is a 401(k) Different From a Pension?

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28 Nov How is a 401(k) Different From a Pension?

By: Scott Spann for The Balance

There are two main types of company sponsored retirement plans with significant differences for retirement savers. These potential sources of retirement income––defined benefit plans and defined contribution plans––are both retirement accounts available through employers. But that is where the differences end. Click here to see the full list of differences.

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