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During the late nineteenth and early twentieth centuries, immigrants from Southern and Eastern Europe and their descendants were generally able to do much better economically, politically, and residentially than the still-segregated black Americans who had already resided in the country for generations before these white immigrants arrived.
Defined Benefit Plan
A type of pension plan where an employer guarantees a specific retirement benefit amount to employees based on salary history and years of service.
401(k) Plan
A retirement savings plan sponsored by an employer which allows employees to save and invest a portion of their paycheck before taxes are taken out.
Downside Risks
Potential negative outcomes or losses that may occur as a result of an investment or decision.
401(k)s
Tax-advantaged, employer-sponsored retirement saving plans that allow employees to save a portion of their paycheck before taxes are taken out.
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Q171: During the late nineteenth and early twentieth