Pension plans are retirement savings plans that provide a fixed income to retirees based on their salary and years of service. Understanding the different types of pension plans, such as defined benefit and defined contribution plans, is essential for effective retirement planning. It’s important to know how to maximize your pension benefits and the implications of early withdrawal.

Published On: September 10, 2024Categories: Pension Plans, Personal Finance Law, Social Security and Retirement, Tax DebtTags: , , ,
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