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masha68 [24]
3 years ago
9

Joe decides that he will contribute $5,000 a year to his 401(k) plan when he starts saving for retirement. What is the best acti

on Joe can take to ensure that his money will grow the most before he retires?
a Choose risky stocks with a high return.
b Put the money in an IRA instead.
c Invest the funds as early as possible.
d Use the money to pay down his mortgage instead.
Business
1 answer:
AfilCa [17]3 years ago
5 0
I feel that the answer would be C as that would give it the most time to grow and build, but I have heard many times that IRA's can be better as far as tax. I would go with C, unless your class has specifically been leaning about IRA's. 
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Share this entry

SYNONYMS OF THE DAY

happy© PHOTODISC

happy

feeling pleased and satisfied

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glad

alive

pleased

content

satisfied

contented

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TRENDING WORDS

put off

make someone not want or like something

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take up

start doing something regularly

-0.9%

take on

start to employ someone

2.5%

keen on something

interested in something and enjoying it

-3.1%

I couldn’t agree more

used for emphasizing that you agree

-10.0%

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Explanation:

ditto lol

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