Pension Plans: Defined Benefit vs. Defined Contribution - America's Wealth Management Show

Описание: Did you know that only 15% of private companies offer pension plans today? That’s compared to 86% of state and local governments that have pension plans. Obviously, there are a lot of people that don’t work for the government and don’t have access to pension plans, though. Nevertheless, we see people with pension plans and help them all the time. If you have questions about pension plans, follow along here as we break down the differences between defined benefit and defined contribution plans.

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Timestamps:
00:00 – Introduction
01:11 – The Fall of Defined Benefit Plans
03:30 – The Dawn of the Defined Contribution Plan
05:06 – Major Company Failures and Lost Pensions
06:35 – TRIVIA
07:40 – Defined Benefit Plans: Spousal Info
12:59 – Defined Benefit Plans: Lump Sum
14:25 – TRIVIA
15:16 – Everyone Has a Pension (Social Security)
18:15 – Retirement Plan Checklist
19:30 – Taxes and Pensions
20:33 – What We Learned Today

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The Guided Retirement Show:    / theguidedretirementshow