This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.The future of retirement plans
One of the primary objectives of an individual is to save for retirement so that they can maintain a decent quality of life when they retire and do not work. These savings and the corresponding income would be used to finance the needs. Dunn (2013) has stated that there are two major types of qualified retirement and pension plans – defined benefit and defined contribution plans. Defined contribution plans are those in which the employer matches the contributions of the employees to the plans and when the employee retires, the plan starts making distributions....