My coworker and I are in our late 30s - they have more in their 401(k) than I do in my pension
Briefly

from 24/7 Wall St.2 months ago
"Pensions are company-paid and guaranteed, while 401(k) plans are employee-paid and not guaranteed, highlighting the fundamental difference in retirement planning options and their risks."
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/14/my-coworker-and-i-are-in-our-late-30s-they-have-more-in-their-401k-than-i-do-in-my-pension/
"Many people find it difficult to acknowledge salary disparities, especially when comparing retirement accounts; it's essential to analyze the factors behind these differences instead of just the amounts."
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/14/my-coworker-and-i-are-in-our-late-30s-they-have-more-in-their-401k-than-i-do-in-my-pension/
Read at 24/7 Wall St.
#retirement-planning #pensions-vs-401k #financial-literacy #workplace-compensation #salary-transparency
[
|
]