Reference no: EM132812331
Subject: Business Management in Aging Society
1.1) What mistake does a quarter of Americans commit regarding their retirement savings?
A) withdrawing money from a tax-sheltered retirement account such as a 401(k)
B) contributing to a tax-sheltered retirement account such as a 401(k)
C) opening an investment account so you have a cash buffer for your day-to-day needs
D) avoiding day trading the funds you are saving in your retirement account
1.2) What feature is a component of a Defined Contribution Plan?
A) You can grow the amount of money you have available when you retire
B) The provider of the plan manages the contributions you make to the plan
C) You will receive a specified income for life no matter how long you live
D) The payout of the plan is guaranteed once you reach the retirement age
1.3) What type of product should young workers avoid until they are close to retirement age?
A) annuities
B) real estate investments
C) tax-advantaged accounts
D) employer retirement plans
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Subject-business management in aging society
: 1.1) What mistake does a quarter of Americans commit regarding their retirement savings?
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