Gen X might actually fare better in retirement than their pension plan-bearing parents, according to an analysis by the Employee Benefit Research Institute.
Defying the prevailing wisdom that the demise of defined benefit plans would negatively impact the retirement savings of late baby boomers and Gen Xers, a comparison of DB plans to voluntary enrollment 401(k) plans yielded some surprising results.
In almost all outcomes investigated in the study, these VE 401(k) plans actually posted higher outcome advantages over the DB options.
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