Question: QUESTION 24Which statement is correct regarding individual pension plans (IPPs)? a. IPPs are a type of defined contribution plan, and the plan benefit is based

QUESTION 24Which statement is correct regarding individual pension plans (IPPs)? a. IPPs are a type of defined contribution plan, and the plan benefit is based on accumulated contributions and earnings. b. IPPs are most attractive for those who are 30-40 years of age and earning $60,000-$80,000 a year. c. Investment risk in an IPP lies with the individual employee. d. IPPs are defined benefit plans that specify a certain level of pension payment to the plan holder.

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