The main characteristic of a defined contribution (DC) plan is: Group of answer choices It is a savings plan with some tax advantages. It pays a specific amount when a worker reaches a certain age. It encourages continued work beyond age 65. It pays a pension that continues until death.What is a Traditional IRA account, and why is it beneficial for people to have one? Group of answer choices A savings account with no tax advantages; it helps individuals earn higher interest rates. A short-term investment vehicle with high-risk and high-reward opportunities. A checking account designed for daily expenses with no impact on taxes. A retirement account where contributions are tax-deductible, providing potential tax savings