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For any individual, whether in the early or advanced stages of his or her career, financial planning is very important. However, financial planning should not be limited to daily living expenses or short-term goals; long-term goals also need to be considered. It is important to save money for one’s “golden years” so that one may enjoy a good standard of living, even in old age. A pension is a major source of income in this period. Pension provides security after retirement, so that one can enjoy life without stress related to monetary matters.

Pensions in the United States

A pension is a fixed amount paid to an individual on a regular basis, usually after retirement. In the United States and most developed countries, employers play a significant ...

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