Retirement is an age-old dream that is often deferred due to the fear of not having enough money saved. However, many people are now realizing that they do not have to wait until they are older to retire.
In fact, many people are able to retire at a much younger age by switching to a Verizon retirement plan.
Verizon offers two retirement plans: the Verizon Retirement Plan and the Verizon 401(k). The Verizon Retirement Plan is a defined benefit plan that offers employees a guaranteed benefit at retirement.
The Verizon 401(k) is a defined contribution plan that allows employees to make their own retirement savings.
The main difference between the two plans is that the Verizon 401(k) allows employees to invest their own money while the Verizon Retirement Plan pays a guaranteed benefit. The downside to the Verizon 401(k) is that it offers less flexibility than the Verizon Retirement Plan.
The good news is that you can retire at a much younger age by switching to the Verizon Retirement Plan. For example, if you are aged 50 years or younger, you can retire with the Verizon Retirement Plan.
If you are aged 50 years or older, but younger than 55 years, you can retire with the Verizon 401(k).
If you are aged 55 years or older, you can retire with the Verizon Retirement Plan or the Verizon 401(k). However, if you are over 55 years old, you can only retire with the Verizon Retirement Plan.
So, if you are aged 50 years or younger, or if you are aged 50 years or older, but younger than 55 years, switching to the Verizon Retirement Plan is the best option for you. If you are over 55 years old, you can only retire with the Verizon Retirement Plan.
