Which statement about a 401(k) is true?

Question

A 401(k) account cannot help you save for retirement.

Money put into a 401(k) is pre-tax, lowering your overall tax paid.

Using money in a 401(k) for an emergency should be your first choice.

Having a 401(k) is mandatory.

Answer 1

Money put into a 401(k) is pre-tax, lowering your overall tax paid.