As labor costs rose and companies aimed to reduce expenses, traditional defined benefit pensions gave way to defined contribution 401(k) plans; but did this shift from guaranteed retirement income to employee-directed investments better serve companies or workers in planning for retirement?
yusraAdviser
Asked: September 7, 20232023-09-07T02:31:13+00:00
2023-09-07T02:31:13+00:00In: Retirement planing
Why did pensions get replaced with 401k's?
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