What Color Is Your Retirement Parachute?
People are constantly looking for a new job or career. And, we have a ton of resources to help us with job searches or resume help. Sure, the key is to look at our strengths and interests- however maybe we should focus on the kind of retirement plan they offer. Do they offer 401k, profit sharing or a traditional pension plan? Most job recruiters I've ever spoken with are happy to discuss these topics. One of my relatives was looking at several jobs recently..hey no brainer- go with the company that lets you start contributing to their plan immediately and offers a match. I know money and benefits aren't everything but consider the retirement accounts they offer!
FoxBusiness looks at which job sectors offer the best retirement plans. Looks like the federal government gets the nod. After all, the TSP is a great plan and they still offer pension benefits. Tough to beat.
Public sector retirement benefits take the cake.Federal government positions typically offer the very best retirement plans, including important cost-of-living adjustments. If someone retires at 65, a pension plan with cost of living adjustments is worth 50% more than a regular pension, said Henry Hebeler, author of Getting Started in a Financially Secure Retirement.
Wise Owl