Sentences with phrase «defined pension plan»

As companies continue to phase out defined pension plans for an ever increasing number of workers, the 401k has become the cornerstone of many American workers» retirement plan.

A bit of background information, I currently have a pretty good defined pension plan with my employer, above average salary and ability to contribute to savings, high earning potential, and a low cost...

But Sears is hardly unique: 30 % of similar defined pension plans in Ontario are also underfunded, which shows the importance of keeping an eye on the funding status of your pension plan.

The defined pension plans their parents received are typically worth much more than most people realize — often between $ 500,000 and $ 1 million each.

To be honest, a defined pension plan isn't what most people think of as a pension.

As more people are impacted by the «extinction» of the defined pension plan, I suspect annuities will get more attention in coming years.

Once again, there are various reasons this could be the case, such as having a defined pension plan, and getting close to retirement.

Since both my wife and I have a defined pension plan, retirement savings is a bit easier for us than for those that have only defined contribution plans as options.

Does the defined pension plan stop me from opening up a Roth and transferring the money from the old 401K?

Also, I now have a defined pension plan that I contribute to at work.

It takes a goodly amount of time for a defined pension plan to vest enough to give you a good income when it comes time to hang up your boots.

Information about Pension Plans — If you or your spouse have any retirement accounts, including IRA's, 401 (k)'s, defined pension plans, or any other plans, make sure to bring a copy of the account statements and / or plan documents.