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Archive for July, 2010

July 26th, 2010

The Defined-Contribution Plan

(Money Manager) - Defined-contribution retirement plans are quite common, and have been increasing in popularity over the last couple of decades. As compared to a defined-benefit plan, where an employee is guaranteed a certain monetary amount on a regular basis for as long as they live after retirement, defined-contribution plans come with no such guarantee.

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July 19th, 2010

What is a DB(k) PLan?

(Money Manager) - Many people describe DB(k) plans as a hybrid mix of a traditional 401(k) plan and a defined benefit plan. This relatively new retirement plan option is poised to become a popular retirement option, as it combined several of the best benefits from both types of retirement plans.

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July 12th, 2010

The Corporate Pension Plan

(Money Manager) - A corporate pension plan is set up between a company and its employees or its employee union, specifically for the purpose of allowing money to be set aside for the employee's retirement. The specific details of these plans vary, depending on the particular plan that has been set up by an employer. Money can be placed into these plans in a number of different ways, both by the employee as well as by the employer.

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July 5th, 2010

What are Conduit IRA Plans?

(Money Manager) - Conduit IRA plans are sometimes referred to as a Rollover IRA. These plans are designed to temporarily house fund distributions from other qualified retirement plans. They can be used as a temporary solution when a person leaves a company as a means of storing the money accumulated in that company's retirement plan.

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