Which of the following statements describes how a traditional 401(k) account is similar to a Roth 401(k) account?
A) Both accounts can receive matching contributions from employers.
B) Distributions from a traditional 401(k) account and a Roth 401(k) account are both subject to minimum distribution penalties.
C) Employers generally choose how funds in these accounts will be invested.
D) Employees contribute before-tax dollars to both types of accounts.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements describes how a traditional 401(k) account is similar to a Roth 401(k) account?
A) Both accounts can receive matching contributions from employers.
B) Distributions from a traditional 401(k) account and a Roth 401(k) account are both subject to minimum distribution penalties.
C) Employers generally choose how funds in these accounts will be invested.
D) Employees contribute before-tax dollars to both types of accounts.

Which of the Following Statements Describes How a Traditional 401(k)