Defined Contribution Plan
RetirementA retirement plan where the employee (and often employer) contribute, with the final benefit depending on investment performance.
Example
Example: For someone with $300,000 in retirement savings planning to retire at 65, defined contribution plan directly affects their strategy. Since it involves a retirement plan where the employee (and often employer) contribute, with the final, understanding this concept could mean an extra $50,000-$100,000 in retirement assets. Plan with our retirement calculator.