I am a senior student at ACE and major in Financial Planning. I took an  interesting class called ACE449. This course teaches retirement planning which is necessary for financial planning. There are different kinds of qualified pension plans, such as defined benefit pension plans, defined contribution pension plans, cash benefit pension plans, and money purchase pension plans. The procedure for installation, administration, and termination of qualified plans is complicated. This course helps me to know more about pension plans. Before taking this course, I thought difference between pension plans is insignificant. I realize that choosing a right pension plan is incredibly important nowadays after taking this class.