There are various types of retirement plans and pensions to consider for later on in life. Match each retirement plan to its feature.
retirement and disability benefit
immediate tax benefit
not-for-profit organization
pension plan which guarantees retirement income for
life
free future withdrawals
defined benefit plan
traditional IRA
:: 403(b)
#Roth IRA
:: Social Security

Question

04-06-2024
Social Studies

Answered

There are various types of retirement plans and pensions to consider for later on in life. Match each retirement plan to its feature.
retirement and disability benefit
immediate tax benefit
not-for-profit organization
pension plan which guarantees retirement income for
life
free future withdrawals
defined benefit plan
traditional IRA
:: 403(b)
#Roth IRA
:: Social Security

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-04T11:00:13-04:00

Final answer:

Defined contribution plans like 401(k)s and 403(b)s offer portable retirement savings with real rate of return, contrasting to traditional defined benefit pensions.

Explanation:

Defined contribution plans like 401(k)s and 403(b)s involve regular employer and often employee contributions that are invested for retirement. Unlike defined benefit pensions, these plans are portable and subject to real rates of return. Social Security represents a form of pension plan as well.

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