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Banking on Pensions for Retirement
Pensions may be one of the best ways to secure a sustainable retirement. These defined benefit plans offer peace of mind in retirement by maintaining a set quality of living while also being relatively low risk for investment. They do this by sharing risk among a group rather than shouldering it as an individual as in a 401(k). This allows for riskier, higher returning investments that are managed by professionals. For more information on these pension plans, visit this article by Bailey Childers with The Huffington Post.
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