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The Boston Globe

Business

Find out just how far your 401(k) will go

If you have a defined benefit pension or a traditional plan provided by your employer, federal law says you have to be provided with an illustration of how much money you can expect to receive each month.

But if you have money invested in a 401(k), the only thing you may see is a lump sum amount and little if any direction on how that money translates into a monthly payment.

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