I've got a question about retirement. After five years (vested), I just left a company that had a pension plan. My new employer does not have a pension plan. Is there a way I can start my own "pension" fund on my own. Is it a annuity? If so, is it variable or fixed? I'm currently 38 years old. I've have a small 401K going from the old company and a small IRA. I miss the pension (or security) aspect of the retirement program with my old company because I don't have a lot in other investments.


Thank you for your insights and help.

I've got a question about retirement. After five years (vested), I just left a company that had a pension plan. My new
employer does not have a pension plan. Is there a way I can start my own "pension" fund on my own. Is it a annuity? If
so, is it variable or fixed? I'm currently 38 years old. I've have a small 401K going from the old company and a small
IRA. I miss the pension (or security) aspect of the retirement program with my old company because I don't have a lot
in other investments.

Not all retirement savings is done in 401k's and IRA's.

Pick your investments and start saving.

An annuity is not a pension plan and probably not suited for you as it is only suited for a few people.