20
QuizMultiple Select

Electric Current

Question 20 • *CHS TN-Physical Science

What should Jeremy think about when deciding how to set up his 401(k) plan? Choose three correct answers.which long-term investments to makewhich short-term investments to makehow much money he can afford to put inhow much risk he wants to takehow he can invest the lowest amount possible

Answer
A
which long-term investments to make
B
which short-term investments to make
C
how much money he can afford to put in
D
how much risk he wants to take
E
how he can invest the lowest amount possible

Explanation

When setting up a 401(k), Jeremy should consider investments suited to his long-term retirement goal, how much he can afford to contribute, and how much risk he is comfortable taking. Short-term investing is generally not the focus of a retirement plan, and simply investing the lowest possible amount may not help him meet his retirement goals.

AI-written and checked against the verified answer.

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