Retirement plans or pensions may be classified as defined benefit or defined contribution according to how the benefits are determined. A defined benefit plan guarantees a certain pay-out after retirement, according to a fixed formula which usually depends on the member's salary and the number of years' membership of the plan. In a defined contribution plan, the payout is dependent upon the amount of money contributed, and the performance of the investment vehicles utilized. Owning company stock or a 401K are examples of this type of plan. Some types of retirement plans, such as cash balance plans, combine features of both defined benefit and defined contribution schemes.
Most plans are supported by employers for their employees. If your company does not offer a pension plan, it is possible to become a part of a community like a union that will secure a pension for its members. Examples are a teacher's union or metalworker's guild. In addition, plans like 401K's can be purchased individually from investment companies like
Most companies offer step-by-step instructions for investors to secure a personalized plan to create savings for the future. For a complete primer on investing in your future, try
When you move internationally you are taking a big step. Lots of things are changing and you have a million things to think about and take care of. If you are able to select a top of the line moving company that moves for a modest price, it can take a big weight of your shoulders in busy times.
Our network of international removal companies can move your furniture & possessions to Usa and anywhere overseas.
Filling in the form at the bottom will allow you to request up to 5 quotes from various moving companies. This service is free of charge and will help you select an international moving company that suits your needs and budget.