The key difference between EPF and ETF is that EPF is a retirement benefits scheme for employees that is maintained by the Employee’s Trust Fund Organization, whereas ETF is a long-term investment plan that is established by the employer for the benefit of employees. Both Employee Provident Fund and Employee’s Trust Fund are governed by […]
Difference Between Defined Benefit and Defined Contribution Pension
Key Difference – Defined Benefit vs Defined Contribution Pension Defined benefit and defined contribution pension are two forms of investments that enable planning an income for retirement age; however, these two terms are often used interchangeably. As a result, it is important to clearly identify the difference between the two. The key difference between […]
Difference Between Defined Benefit and Accumulation Fund
Key Difference – Defined Benefit vs Accumulation Fund Making periodic contributions to a fund with the expectation of using them for a future purpose is common among individuals and firms. Although different in structure and beneficiaries, both defined benefit and accumulated fund serve this same purpose. The key difference between defined benefit fund and […]
Difference Between Pension Plan and Retirement Plan
Key Difference – Pension Plan vs Retirement Plan Planning for income during the retirement age is crucial for all individuals and a number of options are available to make such arrangements. The terms pension plan and retirement plan are often used interchangeably. However, they are different from one another. The key difference between pension […]
Difference Between Rollover IRA and Roth IRA
Rollover IRA vs Roth IRA IRA stands for Individual Retirement Accounts, which are special investment accounts that are designed specifically for individuals who wish to build a retirement fund and manage their investment portfolio. There are a number of different types of IRA including traditional IRA, rollover IRA and roth IRA. There are number […]
Difference Between Rollover and Transfer
Rollover vs Transfer An IRA or Individual Retirement Account allows an individual to contribute funds towards their retirement and is held by a financial institution, which is known as the custodian. Rollover and transfer are two ways in which the movement of funds to or from an IRA can be done. Despite the fact […]
Difference Between Pension and Annuity
Pension vs Annuity Annuities and pensions are quite similar to one another in that they are both used for retirement purposes. However, annuities can also be taken out by any person for a number of different reasons, whereas a pension is provided by an employer solely for the purpose of retirement. Due to the […]
Difference Between EPF and PPF
EPF vs PPF EPF and PPF are very similar to one another as they are both made for the purpose of obtaining funds at retirement. EPF is, however, mandated by government for any salaried employee, whereas PPF is a voluntary deposit that can be made by any salaried or non-salaried individual. Due to their […]
Difference Between Pension and Provident Fund
Pension vs Provident Fund Those who have worked in the industry for any length of time must be aware of these two wonderful schemes, to provide for money in times when it is needed most, that is in retirement or when one dies the money deposited in such funds is released to the family members. […]
Difference Between Fixed and Variable Annuities
Fixed vs Variable Annuities When you are young and strong, you are not really worried about your future as you are earning and fulfilling all the requirements of your family. But the way prices of commodities are rising, the really smart ones are those who take the decision of investing a part of their income […]