Planning for retirement is an essential part of our financial journey. One of the key elements that come to mind when we think about retirement is a pension. In this blog post, we will explore what a pension is, how it works, and its relationship to the concept of insurance. Let’s dive in and unravel the mysteries of pensions together. # What is a Pension? A pension is a retirement savings plan designed to provide a steady income stream during your post-work years.