7 Big Retirement Risks to Avoid

7 Big Retirement Risks to Avoid

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The biggest difference between yesterday’s retiree vs. today’s is the diminished defined benefit — or pension — plan replaced by defined contribution plans with ERISA of 1974(opens in new tab) establishing the IRA and the Revenue Act of 1978(opens in new tab) creating the 401(k). Studies have shown that pensions are and have been rapidly replaced.

 

Read more at Kiplinger

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