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<\/a><\/p>\nIf an employer does not offer a 401(k), there are other investment options, including the traditional IRA and the Roth IRA<\/p>\n<\/div>\n
Today, when it comes to providing a retirement plan for their employees, businesses large and small, have opted for a\u00a0defined-contribution plan with choices that include a 401(k), IRAs and Roth IRAs; this, versus a\u00a0\u2018defined benefit,’ program, or more commonly referred to as a pension plan.<\/em><\/p>\n According to an interview on CNBC with the CEO of a major investment firm<\/a>, the era of pension plans represented an almost \u201cpaternalistic\u201d approach\u00a0of\u00a0making sure their workers would have a\u00a0financially secure retirement.<\/p>\n But with the introduction of the 401(k) retirement plans<\/a>\u00a0back in 1980, employees have been able to squirrel away pre-tax dollars, as well as any employer contributions, in a number of funds through\u00a0the sponsoring investment firm of the employer\u2019s choosing.<\/p>\n Consequently, this retirement alternative has allowed employers to avoid the risks long associated with years of funding the (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" If an employer does not offer a 401(k), there are other investment options, including the traditional IRA and the Roth IRA Today, when it comes to providing a retirement plan for their employees, businesses large and small, have opted for…<\/span><\/p>\n