Pension Plans —Types and Characteristics

In these times, when we are living longer, healthcare costs are rising, and the future of Social Security is uncertain, it is imperative that people are aware of retirement plan options—defined benefit plans, defined contribution plans, and cash balance plans. This essay was originally published in Muhlenkamp Memorandum, Issue 106 as the second essay of the series, The “FRIDAY FOCUS” on Retirement, by Susen Friday.

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