Why Am I Always Getting the New Guy at the Bank?

Why Am I Always Getting the New Guy at the Bank?

One day you decide to walk into your bank to see if your advisor is working. You were nearby and wanted to ask him a question about your investments. You walk up to the reception and ask to speak to him. To your surprise, you are informed that you have been assigned someone new.

 

 

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Understanding Your Pension: Defined Contribution the New Norm?

Understanding Your Pension: Defined Contribution the New Norm?

As baby boomers retire, the strain on pension funds has been immense as they will have to meet increasingly large future liabilities.  Due to this situation, the past decade has seen a sharp shift towards employers offering defined contribution plans instead of defined benefit plans.  Why the big shift? By taking a look at both plans you may notice why employers have been opting for one over the other.

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