Here’s What Retirement on a Pension Looks Like in America
The pursuit of happiness in retirement is a lot easier with a pension. Retirees with regular paychecks report higher levels of satisfaction than those who rely on 401(k)s to supplement their Social Security, studies have shown. The security of a lifelong income is a source of comfort and happiness, those with pensions say. While 401(k)s can generate more wealth, retirees say navigating all the investing, tax and withdrawal strategies can add to their stress when they are trying to lower it. Pensions do have drawbacks....
