INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-If your employer matches your 401(k)contributions,you should contribute at least [the maximum allowed for tax deferrable | the amount matched by your employer].

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-If your employer matches your 401(k)contributions,you should contribute at least [the maximum allowed for tax deferrable | the amount matched by your employer].

Quizplus · Accepted Answer

It is recommended to contribute at least the amount matched by your employer as you can take advantage of the free money offered by the employer. Contributing the maximum allowed for tax deferrable may not always be feasible for everyone, and it is important to consider your personal financial situation before deciding on a contribution amount.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which