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2 major types of employee retirement plans are defined benefit plans and defined contribution plans. What are the advantages of a defined benefit plan and

2 major types of employee retirement plans are defined benefit plans and defined contribution plans.

  • What are the advantages of a defined benefit plan and defined contribution plan?
  • What are the disadvantages of a defined benefit plan and defined contribution plan?
  • If you could only select either a defined benefit plan or a defined contribution plan, which would you choose? Why?

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