Which Type of Retirement Plan Guarantees a Specific Amount of Income

question 53

Multiple Choice

Which type of retirement plan guarantees a specific amount of income for the person upon retirement?

• A)Defined benefit plan
• B)Defined contribution plan
• C)401(k) plan
• D)An ESOP

---

Definitions:

Sensitivity To Constant Stimuli

The phenomenon whereby prolonged exposure to a constant stimulus leads to a decrease in the organism's response to that stimulus, also known as habituation.

Cognitive Theories

Theories that focus on belief systems and ways of thinking as the causes of abnormal behavior.

Alcohol Abuse

The harmful use of alcohol resulting in negative effects on an individual's health, relationships, and social standing.

Coping With Stress

The methods and strategies individuals use to manage and overcome stressors and difficult situations in their lives.