How Not to Die Hungry: Turn Your 401(k) Into a Pension

Source: Ben Steverman, Bloomberg, August 2, 2016

The golden age of retirement is coming to an end. Now it gets complicated. …. Company after company has repudiated traditional pensions, pushing younger workers into 401(k)-style retirement plans. For diligent savers, a 401(k) can accumulate a big balance, but when the time comes to start using it, things will get a lot more complicated than it was for their parents. ….