Alice Cooper contributes ten percent of her monthly earnings to her 401 (k) plan at work. The plan allows her to invest in several different types of mutual funds and her employer matches up to 5% of her salary. Which suggestion for obtaining the money she needs for investing is she following?

Question

Social Studies

Maria Lambert

16 April, 15:58

Alice Cooper contributes ten percent of her monthly earnings to her 401 (k) plan at work. The plan allows her to invest in several different types of mutual funds and her employer matches up to 5% of her salary. Which suggestion for obtaining the money she needs for investing is she following?

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Answers (1)

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Susannah · Answer 1

Taking advantage of employer sponsored retirement programs.

Explanation:

Since Alice is continuously contributing towards her plan at work. The plan also allows her to to invest in different mutual funds and her employer is also matching upto 5% of her salary. The suggestion for investing the money she needs for investing is taking advantage of the employer sponsored retirement programs.