Pension
RetirementAn employer-sponsored retirement plan providing a guaranteed income stream based on years of service and salary.
Example
Example: For someone with $300,000 in retirement savings planning to retire at 65, pension directly affects their strategy. Since it involves an employer-sponsored retirement plan providing a guaranteed income stream based on years, understanding this concept could mean an extra $50,000-$100,000 in retirement assets. Plan with our retirement calculator.