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Author: Adeline

 

Retirement Basics: How do DC Plans Work?

Despite market volatility, most US employees contributing to retirement savings accounts continue to contribute on a regular basis to their plans, according to recent data released by leading investment and financial services firms in the US.

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History and evolution of retirement plans in the US

The beginning of the development of retirement plans in the US can be traced back to certain key events in American history. This unfolded alongside the development of pension schemes in other countries across the world.
Pensions were initially extended to people in financial need, soldiers and war veterans.
Some records describe

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