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SNHS Financial Math - MA2007
Retirement Savings Options
Question 1
1
Instruction
Multiple Choice
Retirement Savings Options
Question 1 • SNHS Financial Math - MA2007
What is the biggest difference in who controls the 401(k) and IRA retirement plans?
Answer
A
IRA is intended for a stable retirement income, while a 401(k) is reserved for emergencies or luxuries.
B
401(k) is a good last minute investment for retirement, while IRAs require years of investing.
C
IRAs allow one to save a lot more money towards retirement than a 401(k).
D
A 401(k) is controlled and monitored by an employer, and an IRA is controlled by the investing individual.
Question 1
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