Updated Friday, September 4, 2015 as of 1:48 AM ET

Transition from Pensions to 401(k)s Won’t Lead to Poverty

A common story line is that yesteryear’s retirees lived large, with lifelong pensions from defined benefit plans. Today’s seniors, reduced to 401(k)s and other mainly self-funded defined contribution plans, may find themselves clipping coupons and buying in bulk to survive.

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