Defined benefit pension plans guarantee a specific monthly payment throughout retirement. These schemes are typically supported by both the employee and the employer. Upon retirement, you get a pension payment based on your income history and period of service. The figure of your pension is often determined using a formula. That sort of plan can

Planning for retirement involves making informed moves about your finances. Two popular retirement accounts, the 403(b) and 401(k), often appear as key options. While they share some similarities, there are significant variations to consider when choosing which plan is right for you. A 403(b) is primarily offered by non-profit organizations, such a