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Would you prefer your employer (or future employer) to provide a defined-benefit retirement plan or a defined-contribution retirement plan? Explain your answer with a few

  1. Would you prefer your employer (or future employer) to provide a defined-benefit retirement plan or a defined-contribution retirement plan? Explain your answer with a few reasons.
  2. Many estimates predict that the Social Security system will run out of funds in the next 20 to 40 years. Assume you are given full authority to implement any actions you deem necessary to solve this problem. What would you do? List at least one advantage and disadvantage of your proposal.

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