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Describe the difference(s) between a defined benefit and a defined contribution retirement plan. Which of these plans would you prefer for your retirement and why?

Describe the difference(s) between a defined benefit and a defined contribution retirement plan. Which of these plans would you prefer for your retirement and why? Note: This question (Which you would prefer?) is an opinion. There is no correct answer. I am interested in how you back up your opinion. Be sure that the evidence you offer supports your claim for preferring one over the other, or for not preferring either one

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