Question
Select the correct answer.
Which would be the best retirement savings option for a 40-year old engineer whose employer offers a five percent contribution match?
A.
401(k)
B.
IRA
C.
basic savings account
D.
money market account
Which would be the best retirement savings option for a 40-year old engineer whose employer offers a five percent contribution match?
A.
401(k)
B.
IRA
C.
basic savings account
D.
money market account
Answers
GPT-4o mini
The best retirement savings option for a 40-year-old engineer whose employer offers a five percent contribution match would be:
**A. 401(k)**
A 401(k) plan allows for higher contribution limits and the employer match provides an additional benefit that can significantly enhance retirement savings.
**A. 401(k)**
A 401(k) plan allows for higher contribution limits and the employer match provides an additional benefit that can significantly enhance retirement savings.