Question 1 The two major types of employer-sponsored retirement plans are a Defi

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Question 1

The two major types of employer-sponsored retirement plans are a Defined Contributions Plan and/or a Defined Benefit Plan. For each of these plans provide:

a) a brief description of the plan so that the reader will understand the basic concept of the plan

b) a brief explanation of how the plan "works". In other words, a basic rundown of the features...who/what makes contributions, what is the basis for those contributions, how are the distributions upon retirement determined

Question 2

Individual Retirement Accounts are a category of accounts described as "Self-Directed". Two prominent types of IRA's are the Traditional IRA and the Roth IRA. For each of these accounts, provide a brief description to include who may contribute, how much can one contribute, how do they impact my taxes, how may I access the funds.

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Question 1 The two major types of employer-sponsored retirement plans are a Defi

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