All Posts

It can be helpful to start with definitions. There are several types of plans available to individuals, but this discussion will address the two main types of employer-sponsored pensions: A Defined Benefit plan , typically funded by the employer, guarantees a specific monthly payout for life, based on factors like salary and years of service. If you are covered by a defined benefit plan, you have little input into your plan; your goal should be to increase your salary to the

If you’re the owner of a business that has one employee – yourself – chances are that retirement planning is at the bottom of your list somewhere between “update website” and “take a real vacation.” But opening a pension plan may be less complicated than you expect, and could be one of the smartest financial moves you can make. No Employees Means You  Are the Plan Participant Employees often have retirement benefits handed to them – 401(k)s, automatic deductions, maybe matchi