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?

A. investing 4% of his salary in the 401(k)

B. investing 4% of his salary in the IRA instead of the 401(k)

C. investing 2% of his salary in the 401(k) and 2% in his IRA

D. investing in a new Roth IRA with 5% of his salary

Answer 1

@Vocaloid