Some companies provide pension plans for their employees.
If your employer provides a pension plan, and you've been working for the same employer for many years, you may be able to count on receiving some percentage of your current income in the form of a pension benefit when you retire. Recent employment trends, however, combined with the fact that fewer and fewer companies now offer traditional pension plans, mean that fewer Americans can count on this type of automatic retirement income. Then look into opening your own retirement account if your employer doesn't offer one. Or if you'd like help creating a financial plan, we can help with that, too. Or click here to send us an email.