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The Only Difference Between a Defined-Benefit Plan and a Defined-Contribution

question 69

True/False

The only difference between a defined-benefit plan and a defined-contribution retirement plan is the tax deduction for the defined-contribution plan.


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Law Firm

A business entity formed by one or more lawyers to engage in the practice of law.

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Objectives that are clearly defined, measurable, and time-bound, making them easier to achieve and evaluate.

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Full Time Job

Employment position that requires the employee to work a standard number of hours defined by the employer, usually around 40 hours per week.

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