If you’ve been in your utility job for years and still don’t understand how your pension works, you’re not alone. In this episode, Steve takes a listener question from Lisa. She’s been working for 15 years and asked a commonly misunderstood question: What’s the difference between a cash balance pension and a traditional pension?
Tune in as Steve breaks down the key differences and why it matters!
Here’s some of what we discuss in this episode:
📊 Traditional vs. cash balance pensions- what’s the difference?
💰 How a cash balance pension grows with guaranteed employer contributions and interest
🧠 Why your pension type should guide your 401k investment decisions
🛠️ Aligning your pension + 401k strategy
Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: info@powerhousefa.com
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