You have just received employment. The company has a defined benefit pension plan. You are reviewing the
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Question:
You have just received employment. The company has a defined benefit pension plan. You are reviewing the pros and cons of defined benefits plans to see if you should supplement your company retirement plan with a 401K. Keep in mind a 401K is a defined contribution plan.
What are the advantages and disadvantages related to defined benefits pension plan? What are the risks (if any) for this type of retirement plan? Would you consider supplementing your retirement by adding a 401K?
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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