This article has been updated for 2024. Introduction What is the definition of a Defined Benefit Plan? How do they function? Are they similar to other retirement plans? We will answer these and other questions in this article. Defined Benefit Plan Definition Defined Benefit Plans are retirement plans. Unlike Defined Contribution Plans, benefits are not […]
This article has been updated for 2024. Which Would You Choose? Imagine someone offers you a choice. You can have a lifetime annual annuity of $100,000 starting now or a $200,000 lifetime annuity starting in 10 years. Which option would you choose? Why? What factors would you consider in making your decision? Perhaps you would […]
