Consider the following questions:
1. What are the three types of formulas used to determine pension benefits for defined benefit pension funds? Describe each.
2. What have the trends been for assets invested in defined benefit versus defined contribution pension funds in the last two decades?
3. Describe the trend in assets invested in 401(k) plans in the 1990s and 2000s.
4. What is the difference between an IRA and a Keogh account?