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In: AccountingRecent changes in how employees receive retirement, e.g. througha defined contribution plan vs. a defined...Recent changes in how employees receive retirement, e.g. througha defined contribution plan vs. a defined benefit plan, have causedmany to question whether they can retire at the age they expected.Please address responses to the following questions:What is the main difference between the 401(k)-type, e.g.defined contribution plans, vs. traditional pension plans, e.g.defined benefit plans?Which type of retirement plan do you prefer and why?What type of retirement plan do you have at your place ofemployment?
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