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What Which of these statements about defined contribution retirement plans is false?
Wiki User
∙ 10y ago
Employees can withdraw money from defined contribution retirement plans befor the age of 59.5
Wiki User
∙ 10y ago
The false statement regarding defined contribution retirement plans is that they guarantee a specific benefit amount upon retirement. Defined contribution plans, such as 401(k) or Individual Retirement Accounts (IRAs), do not provide a guaranteed benefit amount at retirement, as the final amount depends on contributions, investment performance, and other factors.
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