5 ways to make 401(k) plans more like pensions

5 ways to make 401(k) plans more like pensions


It may feel as though 401(k)s have been around forever, but they’ve only been with us since the 1980s (okay, maybe that is forever). Until the 401(k) came along, if you had a workplace retirement plan it came in the form of a traditional defined benefit pension.

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