Defined Contribution Plan | Meaning, How It Works, Pros & Cons
https://www.financestrategists.com/retirement-planning/qualified-retirement-plans/defined-contribution-plan/
Jan 25, 2024 · A defined contribution plan is a tax-deferred retirement plan in which employees contribute a predetermined amount or a percentage of their paychecks to an account intended to fund their retirement. Employees can invest pre-tax dollars in the financial markets, which can grow tax-deferred until retirement under such plans.
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