The whole field of pensions and pension management has been changing greatly over the last few years as more and more companies get out of the business of managing their own pensions. Most employees can no longer rely on working for one company for their whole productive career and then retiring on a company pension. Most large companies are now relying on 401k and IRA structures to satisfy the retirement needs of their employees. This then becomes a situation in which the employees need simple basic advice about very complex financial matters.

Companies need to be informed about shared contribution plans like 401k and annuity plans from insurance companies and employees need IRA information for their self-administered plans. There are vast amounts of material out there to go through to make an informed decision.