Filed Under:Annuities, Fixed Indexed

Pensions vs. 401(k)s: Which is better for retirement income?

EBRI Research

It’s almost a gospel among American workers: Having a traditional pension is preferable to a 401(k) in terms of providing a reliable stream of income in retirement. But a new study from the Employee Benefit Research Institute (EBRI) found that depending upon many fluctuating factors, there is no clear-cut winner.

Using its proprietary simulation models and plugging in various combinations of key factors, EBRI compared the average final payout from a defined benefit (DB) plan versus an annuitized voluntary-enrollment 401(k) account and IRA rollover balance for workers now between the ages of 25 and 29.

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Nichole Morford

Nichole Morford
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