036. What is the difference between DB and DC pension funds?

In this episode, we dive deep into the world of retirement savings with a breakdown of the two heavyweights: Defined Benefit (DB) and Defined Contribution (DC) pension plans. Wondering which one can better secure your financial future? We'll explain how DB plans promise a steady retirement income while DC plans offer flexibility and growth potential—but with more risk. Whether you’re planning your retirement or simply curious, this episode uncovers the key differences of each.