Question

Simon, 35, works for a company which offers a 4% match to his 401(k) plan. He previously invested $25,000 into an IRA. What would be the most beneficial retirement investing strategy for Simon?


Select the best answer from the choices provided.
investing 4% of his salary in the 401(k)
investing 4% of his salary in the IRA instead of the 401(k)
investing 2% of his salary in the 401(k) and 2% in his IRA
investing in a new Roth IRA with 5% of his salary

Answer 1

@JoannaBlackwelder

Answer 2

@JoannaBlackwelder

Answer 3

I'm not sure, but I think it would e prudent to take advantage of the matching 401k

Answer 4

What do you think?

Answer 5

Im solving another question mate. and im thinking about this one

Answer 6

Ok. No worries.