Question 3 of 10
How is a defined-benefit plan different from a defined-contribution plan?
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Question 3 of 10
How is a defined-benefit plan different from a defined-contribution plan?
A. A defined-benefit plan doesn't allow people to use the money until a set age.
B. A defined-benefit plan allows tax-deferred contributions.
C. A defined-benefit plan earns compound interest.
D. A defined-benefit plan guarantees a specific payout upon retirement.
Answers: 1
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