If you start a new job and are offered the opportunity to participate in the company's 401(k) or 403(b) retirement plan, which of the following decisions can affect your financial future?

Question

Quizplus · Accepted Answer

All of these decisions can affect your financial future.

It is important to participate in a retirement account like a 401(k) or 403(b) to reduce your current taxable income and save for retirement. Taking advantage of employer matching contributions can increase your retirement savings even more. Choosing the right mutual funds depends on your individual investment goals and tolerance for risk. And basing your investment choices on your age and time horizon until retirement can help ensure you are invested appropriately for your individual situation. All of these decisions can impact your overall financial outlook in the future.

If You Start a New Job and Are Offered the Opportunity