1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
romanna [79]
3 years ago
11

Which would be the best retirement savings option for a 40-year old engineer whose employer offers a five percent contribution m

atch?
A.
401(k)
B.
IRA
C.
basic savings account
D.
money market account
Advanced Placement (AP)
2 answers:
Murrr4er [49]3 years ago
7 0

Answer:

A: 401k

Explanation:

PLATO

gogolik [260]3 years ago
4 0

Answer:

A. 401(k)

Explanation:

A 401(k) can be defined as a type of compensation (savings) plan that is being sponsored by a business firm or company (employer) to avail its employees the opportunity to contribute into. As a company-sponsored and defined-contribution retirement savings plan, it offers tax advantages to the employees because it reduces their income tax for the particular year while taxing their withdrawals.

Hence, a 401(k) would be the best retirement savings option for a 40-year old engineer whose employer offers a five percent contribution match.

You might be interested in
What is the main purpose of an outcomes-based education?​
shtirl [24]

Answer:

Outcome-based education (OBE) is an educational theory that bases each part of an educational system around goals (outcomes). By the end of the educational experience, each student should have achieved the goal.

3 0
3 years ago
6
Katarina [22]

Answer: The geometric patterns.

Explanation: To me, this is the only relationship that divides solely for the purpose of maintaining territory.

6 0
3 years ago
The Clean Air Act limits consumption and production of which of the following?
Lera25 [3.4K]

Answer:

chlorofluorocarbons

Explanation:

5 0
3 years ago
Read 2 more answers
What is the best way to pay a bank fee?
kozerog [31]
With the money from your check pay the fees first then decide what you want to save and spend
7 0
4 years ago
Read 2 more answers
What was the best description of the long term result of the crusades?
Art [367]
The crusades for a series of religious wars initiated, supported, and sometimes directed by the Latin church in the medival period. The best known of these crusades add those to the holy land in the period between 1095 and 1291 that were intended to recover Jerusalem and surrounding area from the Islamic rule.
7 0
3 years ago
Other questions:
  • Can someone make a thesis statement out of this?
    5·1 answer
  • I really need help, when dealing with research what does ethical concern mean?
    5·2 answers
  • Is this an argument? Cutting the interest rate will have no effect on the stock market this time round as people have been expec
    9·1 answer
  • True or false: 1. Chemicals produced by a plant that control its growth a d development are called hormones.
    11·1 answer
  • What kind of music is the twelve-tone system an example of?
    15·2 answers
  • Which outline for the rest of her speech is probably the most effective? a. 1. Industrial causes of war in the North a. [support
    13·2 answers
  • (SOCIOLOGY) As each religion has different “rules,” what flaws can you find with the Divine Command Theory? Give at least one ex
    10·1 answer
  • Read the following passage from the war prayer
    7·1 answer
  • Explain how von Thunen model is not represented in contemporary countries
    5·1 answer
  • What is appropriate attire in a child care home or facility
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!