, Columnist
The Pension Revolution Is Better for Savers
How safe is your nest egg?
Photographer: Michael Steele/Getty Images
One of the first things I learned about retirement finance is that there are only three ways to increase income once you stop working:
This is true whether you have a traditional defined benefit plan or a defined contribution plan, such as a 401(k). And yet, the few people running pension funds, savers and much of the financial industry seem unable to accept this hard truth.