Life is very unpredictable but as humans we always desire security in terms of money and
especially during retirement, fiscal security is must and this can be attained in the form of
pension plans.
There are various kinds of pension plans but one should...
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Life is very unpredictable but as humans we always desire security in terms of money and
especially during retirement, fiscal security is must and this can be attained in the form of
pension plans.
There are various kinds of pension plans but one should choose according to
the specific requirements desired.
Cash balance pension plan
The federal regulatory governments have some plans sanctioned which share many
common traits with the arranged pension plans like 401(k) and profit sharing model.
You
will find employers who may be very generous and some of them may be very conservative
also.
Profit sharing model is one pension plan model which does not require employee
contributions.
In the cash balance pension plan, when an employee wants to retire then
the pension amount they receive is based on the contributions made by them to the
employer with the investment earning/loss experience.
Such pension plans help those who don’t want to waste their entire money as whole in
taxes.
Whil
Less
