Stock Market Investors » Glossary of Stock Terms » What is a Defined Contribution Plan?

What is a Defined Contribution Plan?

One of the many retirement plans you can choose from is the defined contribution plan. Under its conditions the benefit you will get is not specified. However, as its name implies, the contribution is fixed.

What is considered important by such retirement plans is the amount that is contributed and the persons that make the corresponding contributions. The amount you get when you retire depends on the returns you get throughout the investing process.

To be a successful investor you need two main things - the knowledge and the right trading platform. For a trading platform we can recommend try you Zecco and TradeKing.
Zecco offers free stock trades, no account minimum, real time quotes, trading community, and is also insured and protected against loss by SIPC. Opening a Zecco account to benefit from $0 Stock/ETF trading is a smart idea. Free stock trades allow you to preserve more of your wealth and save money, which you can invest instead of paying brokerage commissions.
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