BALTIMORE ( Stockpickr) -- Even if you don't have a pension, pension funds could help pad your retirement portfolio with cash.
Don't follow? Allow me to explain.
The days of the common pension are behind us. For a handful of reasons, most Americans shouldn't expect to get a pension as part of their jobs. There are plenty of reasons why so many companies have done away with defined benefit plans for employees: They're expensive, complicated and potentially risky for employers who plan wrong. But if you think that there isn't a lot of cash being managed by pension funds these days, you'd be dead wrong.
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