1.Which of these is not a tax-advantaged retirement account? Question options: Thrift Savings Plan 401(k) Roth IRA Brokerage Fund 2. You have decided to set aside 15% of your salary towards retirement. You work at a firm where your employer matches your contribution to your 401(k) plan, dollar for dollar, up to 5% of your salary. Which of these statements is correct? Question 4 options: If you contribute 6% of your salary, the employer match is equivalent to a 100% return on your contribution. What your employer contributes should not play into your decision. It is always a good idea to contribute less than your employer does. This stuff is stupid.
1.Which of these is not a tax-advantaged retirement account? Question options: Thrift Savings Plan 401(k) Roth IRA Brokerage Fund 2. You have decided to set aside 15% of your salary towards retirement. You work at a firm where your employer matches your contribution to your 401(k) plan, dollar for dollar, up to 5% of your salary. Which of these statements is correct? Question 4 options: If you contribute 6% of your salary, the employer match is equivalent to a 100% return on your contribution. What your employer contributes should not play into your decision. It is always a good idea to contribute less than your employer does. This stuff is stupid.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
1.Which of these is not a tax-advantaged retirement account?
Question options:
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Thrift Savings Plan |
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401(k) |
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Roth IRA |
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Brokerage Fund |
2.
You have decided to set aside 15% of your salary towards retirement. You work at a firm where your employer matches your contribution to your 401(k) plan, dollar for dollar, up to 5% of your salary. Which of these statements is correct?
Question 4 options:
|
|
If you contribute 6% of your salary, the employer match is equivalent to a 100% return on your contribution. |
|
|
What your employer contributes should not play into your decision. |
|
|
It is always a good idea to contribute less than your employer does. |
|
|
This stuff is stupid. |
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