While traditional pensions promise retirees a fixed monthly benefit for the rest of their lives, 401 (k) s and other defined contribution plans offer no such guarantees. (newyorklife.com)
While traditional pensions promise retirees a fixed monthly benefit for the rest of their lives, 401 (k) s and other defined contribution plans offer no such guarantees. (newyorklife.com)
RMDs from 401 (k), profit - sharing, 403 (b) and other defined contribution plans generally must be taken by April 1 following the LATER OF the calendar year in which the account owner reaches age 70 1/2 OR retires. (plannersearch.org)