The author of today’s article is no fan of 401(k) plans, asserting that they don’t work. On the other hand, traditional pensions are largely obsolete. However, he notes that “There is one widely overlooked option that combines the best of the two retirement savings plans.” That option? Cash-balance plans, which are hybrids of traditional defined-benefit pensions plans and 401(k)s – and which are soaring in popularity. For more on cash-balance plans – including why they may be especially advantageous for older workers – CLICK HERE.
The 401(k)/Pension Hybrid That’s Soaring In Popularity
Tags:401(k) Plans401kCash-Balance PlansDefined-Benefit Pensions PlansInvestinginvestorRetiredRetirement PlanningRetirement SavingsTraditional Pensions