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

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Definitions:

Dependent Variable

The variable in an experiment that is expected to change as a result of changes made to the independent variable.

Observational Evidence

Information and data gathered through observing phenomena without manipulating variables, often used in studies where controlled experiments are not feasible.

Critical Thinking

The process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.

Cause-Effect Conclusion

Logical determination that specifies how one event (the cause) directly leads to another event (the effect).