Which of the following is not an advantage of participating in your employer's retirement plan?
A)Tax-deductible contributions
B)Employer's matching contributions
C)Tax-deferred growth
D)Higher take home pay

Question

Quizplus · Accepted Answer

All of the other options listed are advantages of participating in an employer's retirement plan. Option D is not an advantage, as participation will typically result in a reduction of take-home pay due to contributions being deducted from each paycheck. However, it is important to note that while participation may reduce take-home pay in the short term, the benefits of saving for retirement can outweigh this inconvenience in the long term.

Which of the Following Is Not an Advantage of Participating