Choosing not to participate in a 401(k)retirement plan in which the employer matches the employee contributions
A)is usually a good idea if you use your contributions to invest on your own.
B)means that you give up an opportunity to double your money immediately.
C)is a good idea if you are in a high tax bracket.
D)is a good idea because most employers provide retirement plans anyway.

Question

Quizplus · Accepted Answer

By choosing not to participate in a 401(k) retirement plan in which the employer matches the employee contributions, you are giving up the opportunity to double your money immediately. This means that you would miss out on free money that your employer is willing to give you for investing in your future.

Choosing Not to Participate in a 401(k)retirement Plan in Which