pension plan A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit. The pool of funds is invested on the employee's behalf, and the earnings on the investments generate income to the worker upon retirement. pension fund A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. My opinion in which is better monthly pension or lump
comfortably, you need income, and this income can come from one of three sources: savings, Social Security, or a company pension plan. The unfortunate fact is that Americans save very little money nowadays, and for anyone under forty, Social Security is a very hollow promise. For most, private pensions are the key to a comfortable retirement. When it comes to private pensions, however, most companies and employees themselves don’t contribute enough money, meaning that future retirees will have to
“We like to tell ourselves that America is the land of opportunity, but the reality doesn’t match the rhetoric - and hasn’t for awhile” (Matthew O’Brien 1). In today’s economic situations, dreaming big may seem unaffordable, but not impossible. To achieve this goal many aspects should be analyzed to understand the American dream, weakened retirement, and smart investments. Megan Cottrell states that “graduate from college. Get married. Buy a house. Have kids. Put in a few decades of hard work, and
In 1945, Sam Walton opened his first variety store and in 1962, he opened his first Wal-Mart Discount City in Rogers, Arkansas. Now, Wal-Mart is expected to exceed “$200 billion a year in sales by 2002 (with current figures of) more than 100 million shoppers a week…(and as of 1999) it became the first (private-sector) company in the world to have more than one million employees.” Why? One reason is that Wal-Mart has continued “to lead the way in adopting cutting-edge technology to track how people