Monday, March 13, 2006
Setting Up Your Pension
With more companies phasing out traditional pension plans, financial-services companies have come up with an idea -- sell investments that behave a lot like a pension.
One of the first to join the fray was MetLife Inc., which in 2004 rolled out Personal Pension Builder: You pay now for assurances that you'll receive a steady monthly check in retirement. A 40-year-old putting away $3,000 a year would get $10,200 a year starting at age 65.
Read Full Article: Setting Up Your Pension
Source: Wall Street Journal (subscription required)
One of the first to join the fray was MetLife Inc., which in 2004 rolled out Personal Pension Builder: You pay now for assurances that you'll receive a steady monthly check in retirement. A 40-year-old putting away $3,000 a year would get $10,200 a year starting at age 65.
Read Full Article: Setting Up Your Pension
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 8:47 AM 
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