Over the course of a generation, pensions have gone from relatively widespread to mostly limited to certain public sector jobs. In its place the new paradigm of the 401(k) has emerged. Here are five reasons why you might wish you still had access to a pension for your retirement income. Reason 1: A pension provided protection from market risk. Reason 2: A pension provided protection from outliving your savings.

Source: Forbes June 05, 2017 09:56 UTC