Does Retirement Planning Confuse You?
If you feel overwhelmed as you try to plan your retirement, you’re not alone. Planning for retirement can feel stressful and complicated. Turn to the retirement planning professionals at Capitol Financial Solutions in McDonough, Georgia. If you’d like help with your retirement planning, you’re welcome to call us.
What's the difference between 401(k) and Pension Plans?
These two retirement plans are very similar in the fact that they both are employer-sponsored. A 401(k) is considered a “defined-contribution plan”, which allows you to contribute funds that will be saved for retirement. Pensions are considered a “defined-benefit plan”, which means that there is a specific payment amount towards retirement.