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Traditional Pension Plans

lawn chairs in retirementTraditional pension plans are fading fast. Responsibility for helping secure your retirement may fall to you.

If you still have a traditional pension plan from your employer, count yourself lucky. But don’t become complacent – that could change at any time.

Many companies have discontinued these defined benefit plans in recent years. They’ve replaced them with defined contribution plans ­­-- 401(k)s or similar plans that put more responsibility on employees to save for their retirement.

Taking the next step

So what do you do to get ready, whether you have a pension currently or not? Talk with your investment professional to find out. Don't have one?

Find out what an investment professional can do for you and learn how to choose one.

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