When participating in a defined benefit pension plan, it's crucial to fully understand the impact of deductions on your overall benefits. These deductions are typically made directly from your paycheck and influence both the amount of your pension payout at retirement and your current income. Understanding the intricacies of these deductions can em

Gen X, the generation sandwiched between Boomers and Millennials, is staring down the barrel of retirement. With Baby Boomers already exiting, Gen X finds itself poised to take over the reins. But are they saved enough? Do they afford to relax? The answer, like most things in life, is complicated. Some members of Gen X are anxious about their retir

When considering retirement, pension deductions often come into play. Two common types are defined benefit and cash balance plans, each with its own characteristics. A defined benefit plan promises a specific monthly payment upon retirement based on factors like income history and years of service. On the other hand, a cash balance plan builds a ac