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In this tutorial, the speaker discusses the pros and cons of defined benefit plans. The advantages are notable, as these plans significantly exceed the contribution limits of traditional retirement accounts like 401(k)s or IRAs. Individuals in their mid-30s and older can typically contribute over $100,000, and those in their 60s may contribute upwards of $300,000. In certain cases, such as couples or individuals with prior service, contributions could reach $500,000. Additionally, defined benefit plans are qualified plans that allow for full tax deferral, providing tax deductions for all contributions made. The emphasis on the substantial contribution limits highlights the attractiveness of these plans for retirement savings.