What are pensions vs 401ks - What is a pension vs 401k? 1-800-566-1002 What are the best types of pension vs 401k plans and learn how you can avoid the most common mistakes that individuals have made when looking to use a pension vs 401k for retirement. Pension Plan A pension plan is a retirement savings plan that provides participants with a defined benefit for life after retirement. These types of plans are typically offered by government and union jobs, as they can be quite expensive to administer. One of the benefits of a pension plan It can provide a predictable and less stressful financial transition from working to retirement. However, not everyone has access to a traditional pension plan through their employer. For those individuals, there are options for creating a personal pension plan for retirement investments. A 401(k) plan A qualified retirement plan that allows employees to save for their future by contributing a portion of their wages to an individua...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)