Updated Saturday, August 2, 2014 as of 12:32 AM ET
Practice - Retirement Planning
Transition from Pensions to 401(k)s Won’t Lead to Poverty
by: Donald Jay Korn
Monday, December 17, 2012

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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