Question: 1. Please explain in brief the differences between a defined contribution plan and a defined benefits pension plan 2. What are the difference, advantages, and

1. Please explain in brief the differences between a defined contribution plan and a defined benefits pension plan

2. What are the difference, advantages, and disadvantages of a regular IRA and a Roth IRA? Which one is preferred to have and why?

(explaining with examples would be great)

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