3 ms·
For a defined benefit plan, I don’t need to care. For defined contribution plan, I care (but can usually choose investments). I personally only have 401k, IRA,
by sokoloff 1y ago
For a defined benefit plan, I don’t need to care. For defined contribution plan, I care (but can usually choose investments). I personally only have 401k, IRA, and after-tax investments, no pension.
- BobaFloutist 1y agoFor defined benefit you need to care if it goes insolvent.
- sokoloff 1y agoThat's where PBGC comes in: https://www.pbgc.gov/wr/benefits/guaranteed-benefits/your-guaranteed-pension https://www.pbgc.gov/wr/benefits/guaranteed-benefits/your-gu...