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What the difference between a pension and a 401K?

Source: shreveporttimes.com - Feb 9, 2018

Question: What is the difference between a pension and a 401K plan? I know they both have to do with retirement, but are they the same thing?

Answer: They are not.

In some ways, retirement planning is like a math problem. In reality, it is much more than a math problem, but there are similarities.

Let’s start out with math that even I can understand: 2 + 2 = 4.

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Category: General Business