When planning for retirement, it is helpful to know the difference between a defined benefit (DB) and defined contribution (DC) plan. Here is a look at the two types of plans and what your employer ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Eric's career includes extensive work in both public and corporate accounting with ...

A 401(k) is a retirement savings plan sponsored by an employer, allowing employees to contribute a portion of their salary, pre-tax or post-tax. It is a defined contribution (DC) plan, meaning the ...

Defined benefit plans are employer-sponsored accounts that provide retirement benefits to employees. The guaranteed retirement funds are based on a set formula that factors years of service, final ...

Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, economics, and public policy. Peter began covering markets at Multex (Reuters) and has ...