Once upon a time, many workers didn’t need to worry about how they would spread 401(k) savings across their retirement years. Instead, they participated in a defined-benefit pension plan. Employers ...

Defined benefit plans guarantee a set retirement payout, reducing investment risk for employees. These plans are rare in the private sector, with employers bearing the majority of funding and risk.

In my ongoing effort to educate people on how life insurance works, I seek out new analogies and examples on a regular basis. Along with others, I’ve written exhaustively about underperformance and ...

Lawrence Pines 25+ years of experience as an equity and foreign exchange options trader. He launched his own consulting firm in 2011. Marguerita is a Certified Financial Planner (CFP), Chartered ...

I was recently speaking to a friend who just got a new teaching job and was offered a one-time choice between enrolling in a traditional defined benefit pension plan or receiving a match in a defined ...

James McWhinney is a long-tenured Investopedia contributor and an expert on personal finance and investing. With over 25 years of experience as a full-time communications professional, James writes ...