Michelle works for a company that offers a defined?contribution plan. What is a simple rule Michelle should follow regarding this plan?
A) If her employer offers to match her contributions, she should contribute as much as necessary to get the maximum match, if she can afford to.
B) Even though her employer offers her the opportunity to participate in a retirement plan, she should choose her own plan, independent of the company.
C) If her plan allows her to select her investment allocation, she should be extremely conservative in her choices.
D) If her plan allows her to select her investment allocation, she should deflect this responsibility to the company's financial advisors.
E) If her employer offers to match her contributions, she should contribute the maximum match amount, regardless of what she can afford.
Correct Answer:
Verified
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