Pension Plans: Defined Benefit vs. Defined Contribution

Did you know that only 15% of private companies offer pension plans today? That's compared to 86% of state and local governments that have pension plans. Obviously, there are a lot of people that don't work for the government and don't have access to pension plans, though. Nevertheless, we see people with pension plans and help them all the time. If you have questions about pension plans, follow along here as we break down the differences between defined benefit and defined contribution plans. Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=pension-plans What to Do with a 401(k) After Retiring: https://youtu.be/FtOr-DU-nms Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k What Is Longevity Risk and How Do You Plan for It?: https://youtu.be/OMoWFA7_NiE Maximizing Social Security Benefits: https://youtu.be/r2mb_UpN-lw Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=pension-plans Schedule: https://www.modwm.com/meet-with-a-top-financial-advisor-in-kansas-city/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=pension-plans Check out our other podcast! The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow