Pensions vs. 401(k)s: Understanding the Key Differences
In the realm of retirement planning, two prominent pillars stand tall: pensions and 401(k)s. Each offers a unique roadmap to financial security in the golden years. While pensions provide a defined benefit in retirement, 401(k)s empower individuals with greater control over their investments. Understanding the key distinctions between these two retirement powerhouses is crucial for making informed decisions that will shape the trajectory of your post-work life.