The Big Disadvantage with a Defined-Contribution Plan Is That You

question 2

True/False

The big disadvantage with a defined-contribution plan is that you don't know in advance exactly how much money you can plan on for retirement income.

---

Definitions:

Inelastic

Describes a situation where the demand or supply of a good or service is relatively unresponsive to changes in price.

Total Revenue

The total amount of money generated by selling goods or services before any expenses are subtracted.

Opposite Directions

A term potentially used to describe actions or movements that are completely contrary to each other in orientation or aim.

Total Revenue

The total amount of money earned from the sale of goods or services before deducting any costs.