How Do Pensions Make a Difference in Retirement

If you’re like most people, your retirement plans are based on two things: how much money you have saved up, and whether or not you can get by on Social Security benefits alone. But in order to ensure that your retirement years will be comfortable, your nest egg isn’t necessarily the most important thing you need to look at when planning your retirement future. Your pension plan—and especially how it plays into the amount of Social Security benefits you can expect to receive—also plays an essential role in planning your financial future.